Farmland Financing Program — Up to 150 Acres

Overview

Term loan to finance up to 100% of the purchase of a maximum of 150 acres of farmland at a fixed interest rate of 6% over a five-year term.

At a glance

Eligibility and requirements

Money Repayable Funding Limits Term loan to finance up to 100% of the purchase price of a maximum of 150 acres of farmland Interest rates Interest-only payments for a five-year period at the prevailing interest rate or A fixed interest rate of 6%, over a five-year term, with blended principal and interest payments You Are a farmer that has an acceptable combination of five years post-secondary education in agriculture and/or work experience in a farming operation Have a viable business venture with annual sales of at least $15,000 Must have a valid Environmental Farm Plan and Soil Conservation Plan for farmland being purchased Shareholder(s) must provide a Personal Guarantee Must be a Canadian citizen and a permanent resident of PEI Note : Financing is eligible on farmland only; woodland, barns or other structures or equipment are excluded

How Mona Studio helps business owners use this program

Farmland Financing Program — Up to 150 Acres is one of many Canadian funding options listed in our grant finder. Mona Studio helps agriculture teams translate program requirements into a practical workflow or AI adoption scope for leadership review, grant writers, and lenders. We summarize eligibility and funding here for discovery — confirm all details on the official program website before applying.

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• CBCD — Impact Your Business — Start-Up Loans — Impact Atlantic
• CBDC First-time Entrepreneur Loan — Community Business Development Corporations