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Farmland Financing Program — Up to 450 Acres
Loan to purchase farmland in Prince Edward Island (PEI)
Last Update: March 4, 2026
Funding available
No Condition
Timeline
- Open continuously
Location
Prince Edward Island, Canada
Overview
Term loan to finance up to 80% of the purchase price of a maximum of 450 acres of farmland with either interest-only payments or a fixed interest rate of 6%.
/100
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
- All industries
Location
- 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
- Startups
Next steps
1
Determine your project
2
Validate your eligibility
Activities funded
The grant supports the financing of farmland acquisitions for Canadian farmers, both new entrants, and those expanding or involved in succession within Prince Edward Island. Eligible activities focus on purchasing farmland, facilitating succession planning, and supporting business expansion for sustainable agricultural enterprises.
- Financing the purchase of up to 150 acres of farmland at a fixed interest rate.
- Financing the purchase of up to 450 acres of farmland with interest-only or blended payment options over five years.
Eligibility
Who is eligible?
Eligible farmers on Prince Edward Island (PEI), who are either new or expanding their operations, or involved in farmland succession, can apply for this financing program. Applicants must demonstrate a blend of formal education and experience in agriculture, maintain a viable business operation or have convincing cash flow projections indicating future viability, and meet additional requirements such as having valid environmental and soil conservation plans. Applicants must be Canadian citizens and permanent residents of PEI.Who is not eligible
There are specific types of companies that are not eligible for this grant. Companies involved in the tobacco, alcohol, gambling, or adult entertainment industries are not eligible for this grant.
- Tobacco industry
- Alcohol industry
- Gambling industry
- Adult entertainment industry
Eligible expenses
This program offers financing options tailored specifically for purchasing farmland in PEI. The eligible activities are centered around land acquisition for both new and expanding farming enterprises and farmland succession.
- Financing the purchase of up to 150 acres of farmland with a term loan covering 90% - 100% of the purchase price, at a fixed interest rate of 6%.
- Financing the purchase of up to 450 acres of farmland with a term loan covering 80% of the purchase price, with flexible repayment options including interest-only payments or a fixed interest rate of 6%.
Eligible geographic areas
This grant is available to farmers who are permanent residents of Prince Edward Island (PEI), ensuring that the funding supports local agricultural development.
- Farmers who are permanent residents of Prince Edward Island, Canada.
Additional information
Here are additional relevant details for this grant:
- Farmers must ensure they have a valid Environmental Farm Plan and Soil Conservation Plan to qualify.
- The farmland being financed must be available to be taken as a first charge against the loan.
- Shareholder(s) are required to provide a Personal Guarantee.
- The applicant must be a Canadian citizen and a permanent resident of PEI.
Frequently Asked Questions about the Farmland Financing Program — Up to 450 Acres Program
Here are answers to the most common questions about the Farmland Financing Program — Up to 450 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 450 Acres?
Term loan to finance up to 80% of the purchase price of a maximum of 450 acres of farmland with either interest-only payments or a fixed interest rate of 6%.
How much funding can be received?
Farmland Financing Program — Up to 450 Acres Funds up to 90% of admissible expenses.
Who is eligible for the Farmland Financing Program — Up to 450 Acres program?
To be eligible for the Farmland Financing Program — Up to 450 Acres program, you must:
Farmers must have an acceptable combination of five years of post-secondary education in agriculture and/or work experience in a farming operation.
Applicants must be Canadian citizens and permanent residents of PEI.
The farming operation must have a valid Environmental Farm Plan and Soil Conservation Plan.
What expenses are eligible under Farmland Financing Program — Up to 450 Acres?
The grant supports the financing of farmland acquisitions for Canadian farmers, both new entrants, and those expanding or involved in succession within Prince Edward Island. Eligible activities focus on purchasing farmland, facilitating succession planning, and supporting business expansion for sustainable agricultural enterprises. Financing the purchase of up to 150 acres of farmland at a fixed interest rate.
Financing the purchase of up to 450 acres of farmland with interest-only or blended payment options over five years.
Who can I contact for more information about the Farmland Financing Program — Up to 450 Acres?
You can contact Government of Prince Edward Island (PEI).
Where is the Farmland Financing Program — Up to 450 Acres available?
The Farmland Financing Program — Up to 450 Acres program is available the province of Prince Edward Island.
Is the Farmland Financing Program — Up to 450 Acres a grant, loan, or tax credit?
Farmland Financing Program — Up to 450 Acres is a Loans and Capital investments
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