Farm Transfers – Farm Credit Canada -

Comments on Funding:

Loans terms and conditions:

disbursements are made to the seller over time, up to five years, and interest is charged only on the disbursed amount;
FCC will finance the down payment for a maximum of seven years for qualifying purchasers;
interest-only payments or principal-plus-interest payments options.

Ongoing

Rolling deadline

Eligibility:

Applications Steps:

Applicants must contact a FCC representative for details.

Documentation Needed:

Applicants must:

Generate a net worth statement,
Collect past three years of tax returns or accountant-prepared financial statements,
Gather recent pay stubs or written employer verification for off-farm income (if applicable),
Bring government-issued photo ID (drivers license, passport),
collect shareholder agreements (if any),
assemble copies of existing operating loan agreements (if applicable),
Build a business and marketing plan,
Prepare and maintain a cash flow budget.

Program Contact:

Farm Transfer Website

Farm Transfers – Farm Credit Canada