Fair Finance Fund’s Post

Agriculture is essential to Alberta’s history, economy, and future prosperity, and we’re doing all we can to help people find success in the sector. Since 2001, the number of young and middle-aged producers in agriculture has seen steep declines while the number of farmers over 55 has increased. Alberta’s government is aiming to help reverse that trend with changes to AFSC’s Next Gen Loan Program. Expanding eligibility and updating terms to AFSC’s Next Gen Program will make it easier for producers to enter and re-enter the agriculture industry, give greater opportunities to new and growing operations, make succession more appealing, and encourage new and young people to get into farming. Effective September 1, updates will expand eligibility for interest rate incentives, lower ownership percentage requirements and increase the time available for “interest-only” loan payments

💼 The USDA OneRD Guarantee Loan Initiative is a critical resource for supporting rural communities and businesses. Our partner, X-Caliber Rural Capital, has shared a valuable resource that delves into the USDA OneRD Guarantee Loan Initiative. This comprehensive guide covers key program details, eligibility criteria, and impactful case studies, highlighting how these loans drive sustainable growth and economic development in rural communities. Read more: https://ow.ly/e12I50T4zyc #RuralDevelopment #USDA #AlternativeFinancing #EconomicGrowth #XCaliberRuralCapital

As the agricultural sector faces rising bank interest rates, more farmers are seeking alternative financing methods. According to recent surveys, informal savings groups and produce buyers are becoming popular sources of loans. This shift highlights the need for flexible and accessible financial solutions to support our farmers' resilience and growth. Innovative financing strategies can bridge the gap and empower our agricultural community. Let's continue to explore and support sustainable funding options for a thriving agricultural future! #Agriculture #Finance #Innovation #SustainabilityBusiness Daily Africa

Last year RIC released its inaugural RIC Farm Loans Customer Insights Report which captured key agricultural trends and farm business outlook. The independent survey had more than 500 RIC loan customers share their expereinces. Of the RIC customers surveyed, 99% were on family owned and operated farms with a large majority, 72%, being on the land for 20 years or more. RIC is proud to be making a difference directly to individual farm businesses and the agriculture industry. We’re pleased to support our customers to get their farm businesses back on track after facing severe financial impacts, helping them to recover, manage through and prepare so their farm businesses can flourish and grow. Read more about the RIC Farm Loans Customer Insights report | https://bit.ly/3TLrWts To see if a RIC loan might be right for your farm business, take our quick quiz at ric.gov.au/quickquiz

We want to share exciting news about Mulberry Asset Finance and our recent accomplishment in facilitating over £10 million in loans for small and medium-sized businesses across #Cumbria and #Yorkshire in the fiscal year ending March 2024! 🚀 This substantial achievement represents a notable 23% increase from the previous year, underscoring the growing interest and commitment from finance companies to support SMEs across diverse sectors. Whether you operate in farming, plant hire, forestry, engineering, or the leisure sector, we stand ready with our network of funders, eager to explore deals of various sizes. As traditional banks diminish their presence on high streets, reputable commercial finance brokers like Mulberry play a pivotal role in filling the void and offering crucial support to local businesses. 💪 We take pride in being the 'modern-day bank managers' – offering not just financial assistance but also knowledge, guidance, and expertise. 💼💡 It's important to note that bank lending to SMEs experienced a 9% decline in 2023, making the broker community increasingly vital in SME financing. 📉 Interested to learn how we could support your business? Call/text Mike Robinson: 07791555431. https://lnkd.in/dmzYakVk

#NationalFarmersDay may be October 12, but we're proud to celebrate #LancasterPA's thriving ag community all year round thanks through a variety of ag-specific and commercial lending tools: 🧑🌾 Did you know that EDC Finance leads the state for the highest annual volume of #NextGenerationFarmerLoanProgram loans? #NextGen loans are exclusively available to first-time farm owners and help ensure that Lancaster's strong farming tradition continues to be passed down generation to generation. 🚜 Loans provided through the #PIDAag Fund assist growing agribusinesses with access to incentive financing for major fixed assets such as land, buildings, and equipment. 🏢 Commercial PIDA loans to businesses like Hoober Inc. and Messick Equipment provide critical funding to companies that distribute and service the ag equipment that local farmers rely upon. 🍦🥚🥩 #SBA504 lending to businesses that purchase/sell farm-fresh meat, dairy, and produce like Fox Meadows Creamery, Inc., Smucker's Meats, and Sensenigs Feed Mill Inc. Farming has long played an important role in Lancaster County's economy, and EDC Finance Corporation is proud to do its part to help keep that tradition going strong! To learn more about ag lending tools that are available through #EDCFinance, visit https://lnkd.in/eGT9N7BC or contact us at [email protected]. #EDCLancaster #AgLending #FarmerLending #LancasterCountyPA #Agribusiness

Farming is big business, which means those who wish to buy a farm should use a business loan. Agricultural mortgages are specialised financial products designed to work with the unique economics and working patterns of the farming industry. Learn more about agricultural mortgages here 👉 https://bit.ly/4cD9rz3 #Agriculture #Canada #Swoop

Would you lend 1 million dollars to a farmer you do not know? If you had savings, you wanted to invest, and this farmer proposed that you lend them the 1 million dollars of your savings to their business in return for interest on the money. What information would you like to know about them before you felt confident and comfortable to lend them your hard earned money? #agribusiness #farming #farm #agri #agriculture #banking

🌾 5 Reasons to Get Your Farm Loan from Investa Farm Ltd 🌾 Ever wondered why you should join Investa Farm? Here's why 👇 1️⃣ Accessibility: Get onboarded right from your local agrostore. No need to travel far to access financing! 2️⃣ Convenience: As a farmer, you not only get financing for inputs but also access to certified providers 🛠️. We connect you with the best input suppliers to ensure a successful season 🌱. 3️⃣ Insurance: We cover you with credit life insurance in case of natural calamities like floods or drought, ensuring you're protected when it matters most 🌧️🌞. 4️⃣ Flexible Repayment: Choose to repay in small installments (Lipa Mdogo Mdogo) or upon loan maturity. Whatever works best for you, we’ve got your back 💪. 5️⃣ Smart Credit: Our credit score system considers your farm assets valuation, so you get a loan that works perfectly with your farm’s value 📈. Join Investa Farm today and grow with confidence 🚜🌾. #AgriFinance 🌿 #FarmLoans 💸 #FarmersFirst 🌱 #InvestaFarm

Why are new-entrant farmers an ideal agricultural loan case for us? New entrant farmers are often unable to access loans from traditional lenders if they are unable to prove their experience in the farming sector. This was the situation for one of our recent agricultural loan cases. The borrowers required a little over £1 million in funds to purchase and diversify a beef farm. The borrowers had owned and run care businesses for many years, so they had clear business sense and experience. However, neither had run a farm before and therefore traditional lenders had refused their applications. But we were able to help as we could look at the wide picture of the borrowers transferable skills, their business plan and the potential of the farm.