Features Regional Regulations
Canada delivers energy loans for farmers

March 1, 2010, Ottawa,
Ont – Canadian agriculture producers and agribusiness operators who are
considering the use of renewable energy sources in their business will soon
have a new financing option thanks to a new energy loan.
March 1, 2010, Ottawa,
Ont – Canadian agriculture producers and agribusiness operators who are
considering the use of renewable energy sources in their business will soon
have a new financing option thanks to a new energy loan.

The Farm Credit Canada
(FCC) Energy Loan is designed to assist producers and agribusiness owners who
want to make the move towards producing their own renewable energy.

A recent FCC Vision
survey showed that 60 per cent of individuals surveyed are considering new ways
to find financial value by reducing their environmental impact. The survey,
completed in November 2009 by 1,172 producers and agribusinesses across the
country, revealed that 37 per cent of those people looking at reducing their
impact are considering the use of renewable energy sources in their operation.

Available as of March 1,
the energy loan will help producers and agribusiness operators purchase and
install on-farm energy sources like biogas, geo-thermal, wind or solar power.
The loan offers an interest term of up to five years at variable or fixed rates
and with monthly, quarterly, semi-annual and annual payments available.