Farm Credit Canada is putting more money into it's Young Farmer Loan program.
It provides qualified producers under the age of 40 with loans of up to 500 thousand dollars to purchase or improve farmland and buildings.
The loans can be taken out with either variable lending rates or a special fixed rate.
There are no loan processing fees.
FCC President and CEO Michael Hoffort says products like the Young Farmer Loan can make a real difference for producers looking to enter the industry or grow their business.
Farm Credit has approved almost 6 thousand loans under the Young Farmer Loan program worth more than 1 point 3 billion dollars as of the end of 2015.
FCC has added another 500 million dollars to the program, bringing it's total commitment to 2 billion dollars.
