Type of Program:
The FarmNext Program aims 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.
Comments on Funding:
Funding shall not exceed the lesser of:
Funding to applicants will be based on a projected calculation of eligible interest calculated by the financial institution issuing the loan.
Refinancing of existing loans is not eligible.
When It Ends:
Applicant must be:
complete the program funding registration form along with the FarmNext application.
submit to the Programs and Business Risk Management office.
Applicants must submit:
Other Things to Note:
Applications will be accepted for the FarmNext program until funds are exhausted.