Federal Agriculture Minister Lawrence MacAulay has announced expanded support for young farmers through Farm Credit Canada.

FCC is doubling the amount of credit available to one million dollars from 500 thousand dollars.

It is also lowering the possible minimum down payment to 20 per cent of the value of the loan which supports the purchase or improvement of farmland and buildings.

CEO Michael Hoffort says the changes recognize the rising cost for young farmers to become established in the industry.