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La Financière agricole
du Québec
La Financière agricole du Québec

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Growth Investment

Eligibility

To be eligible, your project must involve:

  • The construction, renovation or improvement of a building
  • The purchase of production equipment and non-self-propelled machinery
  • The initial acquisition of perennial plants or breeding animals
  • The purchase of targeted self-propelled machinery used to carry out cultivation operations or for animal feeding;
  • Carrying out work aimed at the agri-environmental enhancement of cultivated land
  • Conducting work such as digging a well or a water reservoir, as well as developing a water supply or irrigation system
  • The implementation of on-farm agri-environmental projects

In addition, to benefit from the Growth Investment Program, your project must:

  • Increase the production volume, performance or profitability of your company
  • Comply with animal welfare standards, organic production, the California standard for lead in maple syrup production or any new requirements applicable to agri-food production
  • Mark the start of your farming or agri-food business
  • Improve land into crops
  • Adopt agri-environmental practices

The self-propelled machinery targeted can be one of the following:

  • Combine harvester
  • Self-propelled harvester
  • Self-propelled mower
  • Self-propelled forage harvester
  • Self-propelled sprinkler
  • Self-propelled total mixed ration system

The Growth Investment Program has four components, each with specific eligibility conditions.

Component 1: Growth Support
Available to all agricultural and agri-food businesses for the financing of projects related to supply-managed production or maple syrup production. The maximum financial assistance is $30,000 on loan capital of up to $300,000.
Component 2: Growth Support Plus
Available to all agricultural and agri-food businesses for the financing of projects related to all productions other than those under supply management and maple syrup production. The maximum financial assistance is $60,000 on loan capital of up to $600,000.
Component 3: Agri-Environmental Enhancement of Cultivated Land
Aimed at all agricultural and agri-food businesses for the financing of projects that will enhance the value of cultivated land or on-farm agri-environmental projects. The maximum financial assistance is $20,000 on loan capital of up to $200,000.
Component 4: Young Entrepreneurs
Available to all agricultural and agri-food businesses wholly owned by persons between the ages of 18 and 40. In addition, one of these persons must have qualified for the Financial Support Program for Aspiring Farmers less than five years ago. For the Young Entrepreneurs component exclusively, the purchase of land may constitute an eligible project. The maximum financial assistance is $45,000 on loan capital of no more than $300,000.

Some projects are not eligible:

  • Loan consolidation and secured loans conversion
  • Share purchasing and/or permanent working capital financing
  • Quota purchasing
  • The purchase of land, a house, farm or other existing buildings, except the purchase of land under Component 4: Young Entrepreneurs
  • Projects with the primary purpose of building or renovating administrative offices
  • Investments resulting from negligence or related to the regular annual maintenance of buildings, machinery or equipment
  • Current operating expense financing, including administrative expenses, including FADQ fees
  • Sales taxes (GST and QST)
  • Investments made outside Québec
  • Permanent short-term needs