Young Farmers Loan – Farm Credit Canada (2022)

Description:

FCC provides young producers under 40 to purchase farm or agriculture-related assets of up to $1,500,000.

Comments on Funding:

Loan terms and conditions:

  • no loan processing fees;
  • preferential rates available.

Eligibility:

Applicants must

  • be qualified producer under 40 to apply for the Young Farmer Loan,
  • put together a sound plan to purchase a farm or agriculture-related assets of up to $1,500,000.

Applications Steps:

Documentation Needed:

Applicants must:

  • Generate a net worth statement,
  • Collect past three years of tax returns or accountant-prepared financial statements, if applicable
  • 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:

Young Farmers Website

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