Farm Credit Canada is adding $500 million to a loan program aimed at helping young farmers buy land and buildings.
FCC’s Young Farmer Loan program has grown to $2 billion over four years, with almost 6,000 loans worth more than $1.3 billion approved as of Dec. 31.
It provides qualified farmers under age 40 with loans of up to $500,000 featuring special interest rates and no loan processing fees.
