Open
Farmland Financing Program — Up to 150 Acres
Loan to purchase farm land in Prince Edward Island
Last Update: March 4, 2026
Funding available
Up to 90% of project cost
Timeline
- Open continuously
Location
Charlottetown, Prince Edward Island, Canada
Overview
Term loan to finance up to 100% of the purchase of a maximum of 150 acres of farmland at a fixed interest rate of 6% over a five-year term.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Reduce environmental footprint
Eligible Funding
- Up to 90% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Agriculture, forestry, fishing and hunting
Location
- Charlottetown
- Prince Edward Island
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- $ 15,000 minimum revenue
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
- Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
The Farmland Financing Program in Prince Edward Island provides support for farmers to acquire farmland through two specific financing streams. Eligible projects focus on the purchase of farmland to expand existing operations or support new farming ventures.
- Acquisition of up to 150 acres of farmland with financing covering 90% to 100% of the purchase price at a fixed interest rate.
- Financing up to 80% of the purchase price for up to 450 acres of farmland, with options for interest-only payments or a fixed interest rate over five years.
Eligibility
Who is eligible?
Eligible applicants for the Farmland Financing in Prince Edward Island include farmers involved in either new farming operations, expansions, or farmland succession. They must satisfy several conditions including educational or practical experience, viability or project potential, financial stability, environmental planning, credit security, and residency requirements.Who is not eligible
This grant primarily supports eligible farmers involved in farmland acquisition. There are no explicit restrictions mentioned regarding the types of companies or industries that cannot apply, aside from the eligibility being specifically directed at farmers.
Eligible expenses
This grant supports the purchase and financing of farmland in Prince Edward Island, enabling farmers to expand or transition their agricultural operations. Eligible activities focus on financial aspects and land management specifically related to farmland acquisition.
- Acquisition of up to 150 acres of farmland with a term loan financing 90% - 100% of the purchase price.
- Purchase of up to 450 acres of farmland with a term loan financing 80% of the purchase price, featuring interest-only payments for five years or fixed-interest options.
Eligible geographic areas
Eligible farmland financing applications are limited to those located in Prince Edward Island, as specified by the funding organization.
- Prince Edward Island, Canada
Additional information
Here are additional relevant details for this financing program:
- Finance PEI has established a specific investment portfolio amounting to $10 million for this support.
- The financing is applicable only to the purchase of farmland; woodland, barns, or equipment are not covered.
Contacts
Frequently Asked Questions about the Farmland Financing Program — Up to 150 Acres Program
Here are answers to the most common questions about the Farmland Financing Program — Up to 150 Acres. 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.
What is the Farmland Financing Program — Up to 150 Acres?
Term loan to finance up to 100% of the purchase of a maximum of 150 acres of farmland at a fixed interest rate of 6% over a five-year term.
How much funding can be received?
Farmland Financing Program — Up to 150 Acres Funds up to 90% of admissible expenses.
Who is eligible for the Farmland Financing Program — Up to 150 Acres program?
To be eligible for the Farmland Financing Program — Up to 150 Acres program, you must:
Any farmer that has an acceptable combination of five years post-secondary education in agriculture and/or work experience in a farming operation.
The farming operation must be a viable business venture with annual sales of at least $15,000 from agricultural commodities.
You must be a Canadian citizen and a permanent resident of PEI.
What expenses are eligible under Farmland Financing Program — Up to 150 Acres?
The Farmland Financing Program in Prince Edward Island provides support for farmers to acquire farmland through two specific financing streams. Eligible projects focus on the purchase of farmland to expand existing operations or support new farming ventures. Acquisition of up to 150 acres of farmland with financing covering 90% to 100% of the purchase price at a fixed interest rate.
Financing up to 80% of the purchase price for up to 450 acres of farmland, with options for interest-only payments or a fixed interest rate over five years.
Who can I contact for more information about the Farmland Financing Program — Up to 150 Acres?
You can contact Government of Prince Edward Island (PEI) or by phone at 902-368-6200.
Where is the Farmland Financing Program — Up to 150 Acres available?
The Farmland Financing Program — Up to 150 Acres program is available the province of Prince Edward Island.
Is the Farmland Financing Program — Up to 150 Acres a grant, loan, or tax credit?
Farmland Financing Program — Up to 150 Acres is a Loans and Capital investments