Farmland Financing Program

The new Farmland Financing Program is an initiative of the Province of Prince Edward Island that 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. Term loan to finance up to 90% - 100% of the purchase price of a maximum of 150 acres of farmland, at a fixed interest rate of 4% over a five-year term, with blended principal and interest payments; or Term loan to finance up to 80% of the purchase price of a maximum of 450 acres of farmland, with either: (a) interest-only payments for a five-year period at the prevailing interest rate, or (b) a fixed interest rate of 4%, over a five-year term, with blended principal and interest payments

• This unique new program will get results for our hard-working Island farmers, and ensure our young farmers have the opportunity and resources to participate in our agricultural economy,

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