Farm Production Services
Highlights
This program is designed specifically for Yukon farmers like you. It offers valuable information and advice on various aspects of farming, from management and production to marketing and conservation techniques. By participating, you can gain insights into best practices and new technologies that can help your farm thrive.
What You Get
- Expert advice on farm management, pest and weed identification, pesticide use, and fertilizer needs.
- Guidance on marketing strategies and conservation techniques.
- Support for organic practices and new technologies.
- Farm financing options tailored to your needs.
Why Apply?
- Personalized assistance through farm visits, phone calls, or emails.
- Access to industry best practices and research-based advice.
- Easy qualification process, ensuring you get the help you need without hassle.
Being approved for this program means you will have the support and resources to improve your farm's productivity and sustainability. This is a unique opportunity to enhance your farming operations with expert guidance and financial support.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- This is a grant, so there is no repayment required.
- No interest rates apply.
Eligible Expenses:
- Farm management improvements
- Production and best management practices
- Pest and weed control
- Pesticide use
- Fertilizer needs and alternatives
- Marketing efforts
- Conservation techniques and organic practices
- New technologies
Ineligible Expenses:
- Personal expenses
- Non-farming related activities
- Any expenses not directly related to farm improvements or management
Fees:
- There are no fees associated with this grant program.
Qualifications
- Must be a farmer or involved in farming activities in Yukon.
- Must be seeking advice on farm management, production, pest and weed identification, pesticide use, fertilizer needs, marketing, conservation techniques, organic practices, new technologies, or farm financing.
Must be willing to participate in a farm visit, field inspection, or communicate via phone or email.
Disqualifications:
- Backyard farmers or hobbyists (advice and resources available but not eligible for the program).
Description
This program offers your business up to $1,000,000 in funding. You can use this money to buy equipment, improve your rented space, or cover other costs to keep your business running smoothly.
You can use up to $500,000 of this funding for things like:
- Commercial kitchen appliances
- Manufacturing machinery
- Computers and IT infrastructure
- Renovating a retail space
For other expenses, such as software or operational costs, you can receive up to $150,000.
The federal government backs 85% of the loan, which reduces your financial risk.
Flexible repayment options are available. You can choose a variable interest rate, a fixed rate, or a combination of both. You have up to 15 years to repay the loan, no matter what you spend it on.
This program is a great opportunity to invest in your business with less financial stress.
Program Steps
Gather Required Documentation: Prepare the following documents needed for the application:
- Business plan
- Financial statements (income statement, balance sheet, cash flow statement)
- Tax returns for the past two years
- Proof of business registration
- Any relevant permits or licenses
- Quotes or estimates for intended use of funds (e.g., equipment, renovations)
Complete the Application Form: Fill out the application form provided by the program. Ensure all sections are completed accurately and thoroughly.
Submit the Application: Submit the completed application form along with the required documentation. This can typically be done online, by mail, or in person at the designated office.
Contact Program Support: If you have any questions or need assistance with the application process, contact the program support team via phone or email. They can provide guidance and answer any queries you may have.
Review and Follow Up: After submission, monitor the status of your application. Be prepared to provide any additional information or documentation if requested by the program administrators.
Attend an Interview or Meeting: You may be required to attend an interview or meeting to discuss your application in more detail. Be ready to explain how the funding will benefit your business and answer any questions.
Receive Approval and Funding: Once your application is approved, review the terms and conditions of the funding. Upon agreement, the funds will be disbursed to your business, allowing you to proceed with your planned activities.