Farmland Financing Program — Up to 450 Acres
Prince Edward Island
Government of Prince Edward Island, Finance PEI
Funding Limits
80% of purchase price
Program Contact Details
financepei@gov.pe.ca
902-368-6200
What is this funding for?
Loan to purchase farmland in Prince Edward Island (PEI)
Program Description
The Farmland Financing is available to eligible farmers; new and expanding or those involved in farmland succession within PEI.
Finance PEI will provide two financing streams of which a farmer is eligible to apply under only one.
Steps to Apply
1. Review eligibility criteria to ensure you meet all requirements
2. Obtain the Application for Financial Assistance form from Finance PEI
3. Prepare a comprehensive business plan with three years of cash flow projections and, if applicable, three years of historical financial statements, prepared by a qualified Chartered Accountant
4. Obtain an appraisal of the farmland from an Accredited Appraiser
5. Complete all sections of the application form with the required personal and financial information
6. Gather the completed application form and all supporting documents
7. Submit the entire application package to an Account Manager at Finance PEI
8. Arrange and attend an interview with the Account Manager to discuss your business proposal and next steps
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