Saskatchewan is one of the provinces that accepts farmers as Permanent Residents. Under Farm Owner Operator Category farmers and their family members can become Permanent Residents. This category is for individuals with proven experience in farming, substantial capital available to invest in a farming operation, and who intend to purchase and operate a farming operation in Saskatchewan. There are two streams under this category including one specifically for young farmers who are under the age of 40 .
To be considered for the Farm Owner/Operator category the applicant must meet all of the following four criteria:
- Available Equity – The applicant must provide financial documents showing a net worth of $500,000 Canadian Dollars (CAD). In case of young farmers the amount is $ 300,000.
- Refundable Cash Deposit – you must sign a Performance Agreement committing to purchase a farm operation in Saskatchewan and make a “good faith” deposit of $75,000 CAD in trust.
- Mandatory exploratory visit to Saskatchewan of no less than five working days and must meet with an SINP representative.
- Farm operation knowledge and experience – you must provide documentation (e.g. education and training, work experience, financial documents of their previous operations) that demonstrates that you are a knowledgeable farm operator.
You must make a minimum equity investment of $150,000 CAD in a new or existing farming operation in Saskatchewan comprised of either capital assets (land, machinery) or working capital.
This program is primarily for people who have practical knowledge of operating farm and can invest a minimum of $150,000 CAD. There is no strict language requirement.
Jatinder Rosha is Regulated Canadian Immigration Consultant and can be reached at email@example.com or Cell-604-725-9091.