Land & Buildings – Farm Credit Canada -

Comments on Funding:

Loans terms and conditions:

pre-approved lines of credit;
interest-only payments option;
deferred payment option;
extended disbursements;
different interest terms, maturity dates, amortization periods and repayment schedules to choose from;
prepay options available based on the interest term selected;
schedule payments around growing cycles, off-farm income and during construction.

Ongoing

Rolling deadline

Eligibility:

The applicant must be a producer.

Applications Steps:

Applicants must contact a FCC representative for details (call at 1-888-332-3301 or email an FCC representative).

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.

Other documentation might be required to prove the Indigenous status.

Other Things to Note:

FCC Credit Lines: Advancer Loan can also be used for land & Buildings. It is not a separate product/service.

Program Contact:

Farm Transfers

Land & Buildings – Farm Credit Canada