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 toward producing their own renewable energy.
"We're definitely seeing an increase in the number of people across the country that are interested in renewable energy sources to reduce costs and demand on the energy grid," says Greg Stewart, president and CEO of FCC. "The energy loan ensures FCC is taking an active role on the renewable energy front and shows our commitment to improving rural Canada."
Available beginning March 1, the energy loan will help producers and agribusiness operators purchase and install on-farm energy sources such as solar, wind, biogas or geothermal power. The energy 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.
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