Young Farmers - Starter loan!

 

You’ve dreamed of a life in agriculture – and we’re here to help you achieve it. As part of the future of our industry, you need financing and services that you can count on. With FCC, you can get customized financing through the Starter Loan and Young Farmer Loan. Plus, you can attend our events for farmers under 40, and get tools and advice to help take your business plans to the next level.  We’re here for your journey – right from the start.


What does it take to be a young farmer?

In this series of videos, producers and entrepreneurs from across Canada share their thoughts about being part of the industry they love.



  • FCC Starter Loan
  • Young Farmer Loan

FCC Starter Loan

Set yourself up for success and rise to your challenge with the FCC Starter Loan. Build your credit history and gain independence with your own loan to purchase livestock, equipment or shares in a company. 

Features

  • Designed for 18 to 25-year-olds 
  • Special rates available
  • No loan processing fees

Benefits

  • Variable open rate at Prime plus 1.2%
  • Variable closed rate at Prime plus 1%
  • Special one to five year fixed rates available
  • Establish or expand your operation and build your credit history with FCC
  • AgExpert Bundle: Get AgExpert Accounting Premium and AgExpert Field Premium for the life of the loan (valued at $499/year)

Finance your future today

Call 1-888-332-3301 to learn more.

Find your local field office



Hear from other young farmers

When Jeremy leaves his city job, he depends on expert advice to learn how to start a farm of his own – and be successful. Learn more in this BDO fictional case study.

A business plan is a key tool to set you up for success. Here are 10 things to include and resources to get you started.

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BUYING LAND IN BC

What percentage is a downpayement on land in BC?


When you’re buying a house on land, you generally have to put at least 5 percent down (with a high-ratio loan), or 20 percent or more if you want a loan without mortgage insurance. When you’re taking out a land loan in BC, expect to put between 25 and 50 percent down. The difference depends on the policies of the lender, the piece of land in question and the uses that you have in mind for the land. There are different ways to purchase land if you don’t have the required down payment. If you currently own other prime real estate in Canada with lots of equity, it can be added to the loan as collateral to either reduce or eliminate the need for a down payment.



Here are some helpful questions about the land to consider before you decide to seriously consider an offer:


  • Do the local and provincial entities already provide services to the land, such as trash and recycling pickup, high speed Internet, a wired land telephone line, or mail delivery?
  • Do such issues as soil contamination cause a problem for the use of the land?
  • Is the city or province considering rezoning the land, or any part of it?
  • Are there any restrictive covenants in place that would affect your ability to do what you want with the land?
  • Does the land have a proven water source? If it does, how deep does it go into the ground?
  • Is there already a system for removing wastewater from the property? If you needed to put in a septic system, could you?
  • Is the title clear on the property? If not, is there a clear list of liens that are already in place?
  • Do any easements exist on the property that would allow your potential neighbors, utilities and other entities onto any part of the land?

If you have any questions about whether the piece of land that you are considering is a good investment for you or about the process of making an offer on farmland, recreational properties or ranches in and around Fort St John or Northern BC please feel most welcome to call me (250) 262-6441 or visit www.brennaburns.com for my rural property listings.