Deadline: 31-Dec-22
The Government of Nova Scotia has announced the applications for its FarmNext Program to encourage and support new farmers establishing a commercial farm in Nova Scotia.
By contributing to the interest accrued on a new loan, program funds are intended to improve the financial stability of the new farm business in the first years of operation.
Program Objectives
- The objective of this program is to encourage and support beginning farmers purchasing a commercial farm in Nova Scotia. Program funds are intended to improve the financial stability of beginning farmers in the first years of operation, based on a projected calculation of eligible loan interest.
Funding Information
- projected calculation of 4 years of eligible interest, or
- $30,000 maximum benefit
Eligibility Criteria
- Beginning farmer purchasing a commercial farm or purchasing an interest in a commercial farm in Nova Scotia for the first time.
- currently and properly registered in the correct income category under the Farm Registration Act and
- is at least 19 years of age, a resident of Nova Scotia and actively farming in the program year
Note: Applicants must ensure that the farm registration name transfer has been completed.
For more information, visit https://novascotia.ca/programs/farmnext/