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La Financière agricole du Québec

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Protection against Interest Rate Hikes

Description of the Protection against Interest Rate Hikes Program

La Financière agricole offers two kinds of protection against interest rate hikes:

Preferred Rate (PR)Secure Rate for Aspiring Farmers (SRAF)

Applicable to financing of up to $500,000, for the loan term

  • Offered to part-time or full-time aspiring farmers
  • Applicable to financing of up to $500,000
  • For a maximum period of five years

This protection is initiated, for a specified period of time, when market interest rates exceed a defined threshold.

Once a SRAF eligibility period is over, the PR applies on the terms shown in the table below.

SpecificationsPreferred Rate (PR)Secure Rate for Aspiring Farmers (SRAF)
  • Be 18 years of age and over
  • No criterion for experience
  • Work in agricultureWith the exception of forestry businesses, with an agricultural focus, and providing goods and services. Fermer l'infobulle
  • Be between 18 and 40 years of age
  • Have one year’s experience in farming
  • Be a part-time or full-time aspiring farmer (own at least 20% interest in the company)
Characteristics60% of the portion of interests exceeding 8%100% of the portion of interests exceeding 4% until March 31st 2026As part of the measures to enhance the Interest Rate Protection Program, the STR at 4% will be guaranteed until March 31st, 2026, for eligible young farmers as of April 1st , 2024, even if this extends their protection beyond the usual 5-year period. After March 31, 2026, the level of protection will be reassessed.  Fermer l'infobulle
TermOver the loan term
  • 5 years, starting automatically:
    • upon obtaining an aspiring farmers’ grant or
    • from the full payment of the loan which made the company eligible
  • After this period of 5 years, the PR applies.

The following clients are not eligible for the Protection against Interest Rate Hikes:

  • Borrowing members
  • Goods and services
  • Agricultural businesses