Official Launch of the Fonds d’investissement pour la relève agricole (FIRA)
The Fonds was established in July 2010 at the signing of an agreement between the Government of Québec and FIRA partners, specifically the Fonds de solidarité FTQ and the Capital régional et coopératif Desjardins. In all, the fund was endowed with an envelope of $75 million, with each contributor supplying $25 million.
The three financial products offered consist of innovative assistance measures geared towards farm relief: subordinated loans, capital stock loans and a lease-purchase option for agricultural land.
These three measures will help meet the capital asset needs of young farmers starting up outside the framework of a family business transfer.
For more information on FIRA measures or to propose a business project, consult the website of the Fund at www.lefira.ca contact a financial advisor at one of the 23 service centres of La Financière agricole du Québec.
