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
