Updates to AFSC’s Next Generation Loan Program
At the end of July, the Alberta government announced changes to update terms and expand eligibility for Agricultural Financial Services Corporation’s (AFSC) Next Generation Loan Program. The program offers preferential loan pricing and low interest rate for new entrants or young farmers. These recent changes are expected to expand eligibility for interest rate incentives, reduce ownership percentage requirements, and extend the period for “interest-only” loan payments. Alberta Grains welcomes these efforts to reduce barriers to attract young and next generation farmers the sector. This program update will help with the growing number of farm transitions to the next generation.
Click here for the press release from the Government of Alberta