Farm Credit Canada has received a lot of interest in a new loan program to help young enterpreneurs develop a business for farm services or food production.
FCC spokesman Vern Rourke says the new Young Enterpreneur Loan program is geared to those under 40 who want to provide support for the agricultural industry.
“It could be food processing, it could be manufacturing. it could be service distribution.” Rourke says
The young enterpreneur loan program has a 25 per-cent minimum down payment and a maximum amount of one million dollars