Amount:No Fixed Amount Type of Program:Tax Defferal Description:The Farm Land Identification Program provides for the deferral of provincial property taxes on eligible farmland and outbuildings to encourage the preservation of real property for agricultural use. It is open to all owners of real property. Benefits of the FLIP Program:Tax Deferral: The FLIP program allows eligible farmland…
Amount:$75,000.00 Type of Program:Loan & Loan Guarantee Description:The Livestock Incentive Loan Program provides loans to financial institutions for New Brunswick farmers purchasing and raising livestock. It also provides guarantees to financial institutions for approved livestock purchases. Comments on Funding:Funding takes the form of loans of up to $75,000.The program guarantees up to 90% of loan, at…
Amount:No Fixed Amount Type of Program:Loan Description:The Department of Agriculture, Aquaculture and Fisheries (DAAF) provides repayable loans to promote development of the agriculture sector as a complementary lender. Clients interested in a DAAF loan must first seek financing from a private lender. DAAF’s loan program may then be available to help fill the gap between…
Amount:No Fixed Amount Type of Program:Loan Guarantee Description:The Department of Agriculture, Aquaculture and Fisheries (DAAF) provides loan guarantees to promote development of the agriculture sector as a complementary lender. Clients interested in a DAAF loan guarantee must first seek financing from a private lender.Comments on Funding:There is a loan guarantee fee of 1.5 % of…
Amount:No Fixed Amount Type of Program:Insurance Description:Agricultural Insurance is a valuable business risk management tool that provides farmers with financial protection against production losses caused by natural perils, such as drought, excessive moisture, hail, frost, wind and wildlife.Comments on Funding:Applicants can select a plan that guarantees 60%, 70% or 80% of an average yield. Premium…
