![]() ![]() Also be sure to check out local mechanics to make sure there is someone in the area who can repair farm equipment when necessary because downtime is rarely an option on the farm. If you or someone on your team possesses solid mechanical skills, then buying used is a good option. When you’re just starting out, buying new doesn’t always make the best business sense. ![]() Visit the Canadian Grants Business Center website for information.įarming is an asset-heavy endeavor. You may also be able to access funds through the Canadian Grants Business Center, which offers a wide range of programs including grants, loans and other funding options for Canadian Farmers and Agri-Business. Land with the full $500,000 or $350,000 for other items.You can access CALA loan through most major banks. It’s a good idea to develop a business plan so you have a realistic idea of what you will need to support yourself and your farm, and to assist you with obtaining a loan.Īs a start-up farmer, one of your best sources for a loan is through the Canadian Agricultural Loans Act (CALA) Program - a loan guarantee program designed for existing farmers, start-up farmers, farmers taking over the family farm, and agricultural co-operatives. If you don’t have the funds, you will need to take a loan for all or a portion of what is required to buy and operate your farm. ![]() This tool is useful in spotting things about an area that make not be readily visible from the ground level such as active landfills. TIP: Download Google Earth and get a virtual bird’s-eye view of the area surrounding your farm. Obtain information on land use ordinances (including zoning) and current land uses. To ensure there are no regulatory restrictions to producing your product, check with your municipality or regional government.
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