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Aquaculture Capital Equity Program (ACEP)

Amount:No Fixed Amount Type of Program:Investment Description:The objective of the Aquaculture Capital Equity Program is to partner with companies to increase production from both hatcheries and marine sites in Newfoundland and Labrador. The program will provide a minimum investment to projects of $250,000 for finfish operations and $100,000 for shellfish to match a private sector…

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Agriculture Business Advancer

Amount:$300,000.00 Type of Program:Grants Description:The Agriculture Business Advancer program supports the adoption of new technologies, processes or specialized equipment for the purpose of business growth.Comments on Funding:Applicants are eligible for 30% funding assistance on total eligible project costs to a maximum of $300,000.No more than 100% of non-repayable funding can be received for any eligible…

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Food Bank Tax Credit for Farmers

Amount:No Fixed Amount Type of Program:Tax Credit Description:The Food Bank Tax Credit for Farmers is a non-refundable income tax credit for individuals or corporations that carry on the business of farming and donate agricultural products to eligible food banks in Nova Scotia.  Comments on Funding:The credit is 25% of the fair market value of the…

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“Fast Tracktor” – Equipment Financing

Amount:No Fixed Amount Type of Program:Loan Description:The Fast Tracktor authorization is an equipment purchasing loan for Nova Scotia farmers requiring new or used equipment to sustain their operation. Comments on Funding:The applicant will pay interest and other fees, if applicable.The amortization will depend on the life expectancy of the equipment. Normally equipment amortizations wouldn’t exceed 10…

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Cattle and Sheep Deferred Financing

Amount:No Fixed Amount Type of Program:Loan Description:This program was developed to support cattle and sheep farmers where there is a proven plan for the expansion of livestock to implement long-term viability of their operation. The Farm Loan Board offers flexible lending terms including payment deferrals that will complement the Nova Scotia Cattle and Sheep Industry…