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Farm Loans
Farm loans provider:
Agriculture and Agri-Food Canada
Address:
Sir John Carling Building,
930, Carling avenue
Ottawa, ON
Canada
K1A 0C5
Phone:
(613) 759-1000
Website:
http://www.agr.gc.ca
Farm loans program:
Farm Improvement and Marketing Cooperatives Loans Act (FIMCLA)
Description:
FIMCLA is a federal government guaranteed
farm loans program designed to increase the availability of
farm loans for the purpose of the improvement and development of farms and the processing, distribution or marketing of farm products by cooperative associations. The
farm loans program facilitates the availability of credit to both farmers and their cooperative associations to improve farm assets, strengthen production and/or improve financial viability.
The Farm Loans
Program...
- Encourages investment in new machinery, livestock, buildings and technology and facilitates investment in alternate farming initiatives;
- Provides access to intermediate credit through lending institutions such as Chartered Banks, Alberta Treasury Branches, Credit Unions, Caisses Populaires, Trust Companies,
Farm Loan Companies and Insurance Companies;
- Helps farmers and their cooperatives with their financing needs through guaranteed
farm loans resulting in market expansion, farm innovation, value added-processing and environmentally sustainable farming;
- Offers farm loans for the consolidation or refinancing of depts incurred for eligible loan purposes.
Contact
Agriculture and Agri-Food Canada for more
information on the farm loans program.
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