FCC: Enhanced transition loan to ease transfer of farm business assets - Fruit & Vegetable Magazine

Farm Credit Canada Introduces Transition Loan Program

Farm and agri-food business owners planning to transfer assets to new owners now have a new financing option, thanks to recent enhancements to Farm Credit Canada’s (FCC) Transition Loan. These changes come at a critical time, as more than $50 billion in farm assets are expected to change hands in Canada by mid-July. The enhanced FCC Transition Loan is designed to make ownership transitions smoother for both sellers and buyers. It supports the tr…

FCC: Enhanced transition loan to ease transfer of farm business assets - Fruit & Vegetable Magazine

With more than $50 million in farm assets expected to be transferred in the next decade, Farm Credit Canada (FCC) is providing the option of an enhanced transition loan to help facilitate the transfer from agriculture business owners to new owners. Designed to ease the process from seller to buyer, the enhanced transition loan allows a flexible disbursement period of up to 10 years. It is available for changes in ownership of farm and agribusine…