CIBC’s Farm Mortgage Loan provides financing starting at a minimum of $25,000 (no maximum amount specified) to help farm businesses fund major capital needs over terms of up to 20 years. Eligible uses include purchasing farm land and buildings, construction or major renovations of farm buildings, and restructuring existing farm loans.

At a glance

Funding available

Financing goals

Renovate your business/factory

Eligible Funding

Minimum amount : 25,000 $
Up to 10% of project cost

Timeline

Unspecified

Eligible candidates

Eligible Industries

Agriculture, forestry, fishing and hunting

Location

Canada

Legal structures

For-profit business
Sole proprietorship

Annual revenue

All revenue ranges

Organisation size

All organization sizes

Audience

All groups

Activities funded

Finance the purchase of farmland (land) and farm buildings.
Finance construction of new farm buildings.
Finance major renovations of farm buildings.
Restructure existing farm loans.

Examples of admissible projects:

$ 285,000

Purchase adjacent land and expand cattle housing with barn upgrades

$ 475,000

Construct controlled-atmosphere produce storage and renovate greenhouse structures

$ 240,000

Buy neighbouring land and renovate poultry barn with ventilation upgrades

Eligibility

The applicant must be a farm business seeking mortgage financing through CIBC.
The project must involve major farm-related capital needs, such as purchasing farmland or buildings, constructing or majorly renovating farm buildings, or restructuring existing farm loans.
The requested mortgage loan amount must be at least $25,000.

Who is eligible?

Farm businesses (agricultural operations)

Eligible expenses

Purchase of farmland, agricultural land, and farm buildings.
Construction of farm buildings.
Major renovations of farm buildings.
Restructuring or refinancing of existing farm loans.

How to apply

Confirm eligible farm financing need

Review that your project involves farm business financing (for example land and buildings purchase, construction or major renovations, or restructuring farm loans)

Choose rate, term and amount

Decide between a variable or fixed interest rate
Choose a term for the fixed option (1, 2, 3, 4, 5, 7 or 10 years)
Confirm the minimum loan amount of $25,000 fits your needs

Select repayment options

Select a repayment frequency aligned with your cash flow (monthly, quarterly, semi-annual or annual)
For fixed rate, choose “principal plus interest” or blended “principal and interest” payments

Contact CIBC to apply

Contact a CIBC business advisor to apply or get more information
Alternatively, visit a CIBC Banking Centre

Additional information

Minimum loan amount is $25,000.
Fixed-rate terms are available for 1, 2, 3, 4, 5, 7 or 10 years.
For fixed-rate loans, interest is calculated semi-annually (not in advance).
CIBC Farm Credit Life Insurance may be available to help protect you and your family from financial hardship.

Apply to this program

Frequently Asked Questions about the CIBC Farm Mortgage Loan Program

Here are answers to the most common questions about the CIBC Farm Mortgage Loan. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.