We can help improve the viability of farm operations in Nova Scotia.
The Wild Blueberry Business Enhancement program aims to increase wild blueberry production in Nova Scotia through efficiencies and land expansion by providing lending options for equipment, purchase and improvement of existing land, and new site development. This Program encourages blueberry producers to invest in expanding their current operation to implement long-term viability.
Equipment Financing – acquire new or used equipment for improved efficiencies in wild blueberry production. Equipment can be for the production, harvest or processing of blueberries and loans are offered with flexible terms and competitive rates.
Land Improvement – this lending option is for the purchase or development of land currently in blueberry production. Financing can be provided to new or existing producers interested in purchasing blueberry land, or for the costs associated with improving yields on existing fields. Includes condensed deferred payment options for projects such as secondary levelling which reduce yield potential for a production cycle.
Deferred Financing – deferred financing is offered for the development of new blueberry lands not currently in production. Farmers are offered financing with three years of no payments, followed by two years of interest only payments. Loans will commence thereafter with blended payment as discussed with your loan officer.
Fixed rate interest for the full amortization period, from 1-30 years.
Term rate financing for 3-5-10 Term Options with 1-30 year amortizations.
The Quota Loan is for buying milk quota, egg quota, broiler quota, and turkey quota. Clients know that to grow production and keep a farm moving into the future, it takes a big roll of cash.
The Farm Debt Consolidator is used as a cleanup tool for short-term payables, stagnant operating debt, medium term loans, and restructuring of long-term debt with other lenders.
A deferred loan structure has been developed for general cash flow situations that require a principal deferment to help a farm manage its cash situation.
Jump Start program is designed for new entrant farmers. In combination with the Provincial FarmNext plan this program can give a new farmer a real boost to get his or her farm life off to a great start.
The Fast Tracktor loan authorization is an equipment purchasing line of credit. The loan option provides a preapproved equipment line of credit for clients requiring new or used equipment to sustain their operation.
Deferred financing offers flexible lending terms including payment deferrals that will complement the Nova Scotia Cattle and Sheep Industry Development Program. With the deferred lending option, applicants can purchase cattle and sheep when revenues from the investment would not be seen for approximately two years.
The Wild Blueberry Business Enhancement program aims to increase wild blueberry production in Nova Scotia through efficiencies and land expansion by providing lending options for equipment, purchase and improvement of existing land, and new site development.