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HOME / GOVINFO PAGES / AGRICULTURE / AGRICULTURAL SERVICES /

Agriculture Loans

1. carries on business, or intends to carry on business, in the province,
2. owns or will acquire farm assets with the loan proceeds pursuant to the Act or the regulations, and
3. is actively engaged in farming or intends to work actively at producing farm products.

Capital Loans

Capital loans are available for new and used field equipment, including trucks over 3/4 ton, for a term not exceeding 10 years. Financing will not generally exceed 80% of the fair market value of the asset being financed.

Capital loans for land and buildings, including fixed equipment and re-capitalization, are available on terms not to exceed 20 years. Total mortgage financing against property should not generally exceed 80% of the fair market value of the real property. In providing loans to finance the acquisition of dairy farms, up to 80% of the quota value may be included where the quota can be unconditionally assigned under a Letter of Direction.

Loans to finance breeding stock may be considered for a period of up to seven years.

Repayment terms on all capital loans are flexible and based on the cash flow of the farming operation.

Operating Loans

Up to 100% financing may be provided for operating loans to finance cropping expenses and livestock feeding operations.

These loans, which may be renewed/reviewed annually, are to be repaid from farm receipts.