Protection against Interest Rate Hikes

Eligibility

General Conditions

To be eligible, you must:

be at least 18 years old;
have at least 50% of your business owned by people involved in agriculture;
have prospects for profitability;
comply with the environmental standards established under the Environment Quality Act and the Regulation on Agricultural Operations regarding the phosphorus balance and operating rights.

The protection is based on the business's outstanding debt, of which a maximum of $500,000 is protected. Other conditions must also be met depending on the legal status of your agricultural business. For more details, refer to the program (PDF).

Throughout the term of the interest payment contribution, your business must meet the conditions that made it eligible.

Additional conditions - Preferred Rate (PR) and Secure Rate for Aspiring Farmers (SRAF)

Specifications	Preferred Rate (PR)	Secure Rate for Aspiring Farmers (SRAF)
Eligibility	Be 18 years of age or older No experience criteria Be in agriculture	Be a part-time or full-time aspiring farmer Be 18 years of age or older and under 40 years of age Own at least 20% of the interests in the business Have 1 year of agricultural experience Undertake a business for the first time.