Financial support for aspiring farmers
Highlights
This program is designed for you if you are a young producer looking to establish yourself on an existing farm or start a new business. It offers financial support to help you get started, whether you plan to work full-time or part-time. The grants range from $10,000 to $50,000, depending on your level of training and commitment.
Why Apply?
- Financial Support: Receive between $10,000 and $50,000 to invest in your business.
- Training Incentives: The more training you have, the higher the grant amount.
- Flexible Use: Use the funds for productive investments like land improvement and equipment purchase.
What's in it for You?
- Full-time Grant: Up to $50,000 to facilitate your full-time establishment.
- Part-time Grant: Up to $25,000 to support your part-time start-up.
- Enhanced Grants: Higher grant amounts for higher levels of training.
This program is easier to qualify for than many other financing options and provides a significant boost to help you succeed in the agricultural industry.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- There are no repayment terms or interest rates, as this is a grant.
Eligible Expenses:
- Productive investments at your operation, such as:
- Land improvement
- Equipment purchase
- Other productive investments
Ineligible Expenses:
- The funds cannot be used for non-productive investments or personal expenses.
Fees:
- There are no fees associated with this grant program.
Qualifications
- Must be a young producer aged between 18 and 40 years old.
- Must be establishing themselves on an existing farm or starting a new agricultural business.
Must be acquiring or planning to acquire training in agriculture, administration, or management.
Disqualifications:
- Businesses not related to agriculture.
- Applicants over the age of 40.
Description
This program offers financial support for aspiring farmers. You can receive between $10,000 and $50,000 to help you start or grow your farming business.
The grant can be used for:
- Improving land
- Purchasing equipment
- Other productive investments
The amount you receive depends on your level of training:
- $50,000 for advanced training (e.g., Bachelor's in agriculture)
- $30,000 for intermediate training
- $20,000 for basic training
This support aims to make it easier for you to establish yourself in farming, whether full-time or part-time. It also encourages you to gain valuable skills in agriculture, administration, or management.
Program Steps
Gather Required Documentation: Prepare the necessary documents for your application. You will need:
- Proof of identity (e.g., driver's license, passport)
- Business plan
- Financial statements (e.g., balance sheet, income statement)
- Proof of agricultural, administration, or management training (if applicable)
- Details of the intended use of funds (e.g., quotes for land improvement, equipment purchase)
Complete the Application Form: Fill out the application form provided by La Financière agricole du Québec. Ensure all sections are completed accurately.
Submit the Application: Submit your completed application form along with the required documentation to La Financière agricole du Québec. This can be done online, by mail, or in person at a service center.
Review and Follow-Up: After submission, La Financière agricole du Québec will review your application. Be prepared to provide any additional information or clarification if requested.
Approval and Grant Disbursement: Once your application is approved, you will receive notification of the grant amount. The funds will be disbursed according to the terms outlined in the approval notice.
Utilize the Funds: Use the grant funds for the intended purposes, such as land improvement or equipment purchase, as specified in your application.
Report on Fund Usage: Keep records of how the grant funds are used. You may be required to submit a report detailing the expenditures and outcomes related to the grant.
