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Canadian Agricultural Loans Act program: Step 2. Who is eligible

Step 2. Who is eligible

You can apply if you are one of the following:

Beginning or start up farmers may need to provide the lender with a business plan and an income tax form showing no farm income and/or expense for at least one year in the last six years.

Agricultural co-operatives may need to provide a current income tax return showing farm income and/or expense from 50% + 1 of its members or a notarized attestation as to its membership.

A farm operation must meet the definition of farmer and farming as defined in the Canadian Agricultural Loans Act.

Farmer: may be one of the following that is or intends to be engaged in farming in Canada:

Farming:

Eligible purposes

The following are eligible purposes under the Act.

Real property purposes:

Other loan purposes:

Ineligible purposes

The following are ineligible purposes under the Act:

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