The Developing Producer Loan Program provides emerging agricultural producers with a consistent source of fixed-rate loan terms to acquire assets necessary to expand their farming operation.

This lending program offers a wide variety of eligible purposes, including land purchase, quota, equipment purchase, building development, livestock inventory, working capital and more.

Benefits

The Developing Producer Loan Program can be used for a variety of purposes for your existing farm operation.

  • Land purchase
  • Quota
  • Equipment purchase
  • Farm building construction
  • Home construction
  • Breeding livestock inventory
  • Working capital
  • Share purchase
  • Restructure existing debt

Features

  • The Developing Producer Loan offers various fixed-rate terms up to 15 years with a maximum amortization of 30 years
  • Loans can be prepaid or paid in full at any time without penalty
  • Long-term, competitive interest rates
  • Payment schedule to fit your cash flow
  • No annual fees
  • AFSC lending products have a maximum lending limit of $15 million per individual or any group of connected individuals or companies.

Applying for a loan

This program is eligible to individuals who are Canadian citizens or landed immigrants, and companies incorporated in Canada and registered to operate a business in Alberta.