Government of New Brunswick
  • Description
  • Contacts
  • Overview

    The Agricultural Development Board can provide financial assistance, in the form of loans, to persons wishing to establish a perennial crop.

    Eligibility

    Perennial crop operations in New Brunswick;

    The business plan must show reasonable chances of viability and must demonstrate that a demand exists for the product(s);

    The applicant must have acceptable agricultural knowledge and business skills, and an acceptable credit history;

    The project must fit with the province’s sector strategies (in terms of impact on agricultural land, jobs, export sales, markets, etc.);

    Acceptable security must be provided for the proposed financing; and

    The applicant must show an acceptable amount of equity in the business.

    Description

    Finances perennial crops up to 75% of the enhanced value;

    Amortized up to 10 years at provincial lending rate; and

    No payments during the first 5 years of the loan. Interest is charged and capitalized annually. Interest on the outstanding balance is paid annually starting in year 6. Loan balance paid at end of term.

    Contact Email Location
    Fredericton