RESOURCES:  LOANS, PROGRAMS AND SERVICES

There are numerous financial assistance programs offered by the Department of Agriculture, Aquaculture and Fisheries. Some are joint federal/provincial programs, some are federal programs administered by the province and some are provincial initiatives only.

These programs are subject to change depending on federal-provincial agreements and changes to annual budgets.

For more information about Department of Agriculture, Aquaculture and Fisheries financial assistance programs: For all the program details, contact information, eligibility and funding details and application forms, visit: www2.gnb.ca/content/gnb/en/departments/10/agriculture.html.

 

Under Industry Programs, select Agriculture to find links to all programs. With a click on any program, you will find all pertinent information.

Department of Agriculture, Aquaculture and Fisheries Services 

There are many services and publications provided by the Department of Agriculture, Aquaculture and Fisheries. These include:

  • Free consultations with extension specialists;

  • A wide range of technical bulletins online and in the staff offices;

  • Annual reports of the Department of Agriculture, Aquaculture and Fisheries;

  • Agricultural statistics and more; 

  • The Social Media Toolkit: A guide for farmers, fishermen and producers of New Brunswick. Click here to download the toolkit;

  • Veterinarian and veterinarian lab services provided for a fee;

  • Mentorship opportunities through the Agri-Industry Development & Advancement program. Click here for more information. Refer to section 5;

  • A team of Business Growth Officers. Click here to know the business growth officer in your region. 

  • AgPal - AgPal is a web-based discovery tool developed by Agriculture and Agri-Food Canada (AAFC) to help farmers and others in the agriculture and agri-business sector find the federal, provincial, and territorial agricultural information that specifically applies to them. This program facilitates finding provincial and federal agricultural programs.  http://www.agpal.ca/#/search 

 

 

 

Department of Agriculture, Aquaculture and Fisheries Veterinary Services

 

New Brunswick, through the Department of Agriculture, Aquaculture and Fisheries, is one of the few remaining provinces that offer veterinary services to agricultural producers. These services can be broken down into field services, clinic services and veterinary laboratory services. The department has field veterinarians throughout the province, an equine specialist, a poultry specialist and two lab pathologists.

 

Field Veterinary Services provides on farm and emergency call services for the livestock sector 24 hours a day, seven days a week for a fee that the producer pays. Veterinarian services are offered at a published discount rate for all agricultural producers regardless of location. Horse owners are also serviced by New Brunswick veterinarians, but pay higher levels than food animal or fur bearing producers.

 

These services can be obtained from the regional department offices located in Moncton, Fredericton, Sussex, Grand Falls, Bathurst and Wicklow.

 

Department of Agriculture, Aquaculture and Fisheries Loan and Loan Guarantee Programs

 

The Department of Agriculture, Aquaculture and Fisheries provides repayable loans and loan guarantees to promote development of the agriculture sector. New entrants, defined as someone who has owned a farm for five years or less, are eligible for lower interest rates and equity requirements. To learn more, visit https://www2.gnb.ca/content/gnb/en/services/services_renderer.201158.html.

 

Livestock Incentive Loan Program

 

Overview

The department may guarantee loans to financial institutions for farmers purchasing and raising livestock.

 

Eligibility

  • Both full-time and part-time farmers may apply;

  • The business plan must show reasonable chances of viability and must demonstrate that a demand exists for the product(s);

  • The applicant must have acceptable agricultural knowledge and business skills as well as an acceptable credit history;

  • Acceptable security must be provided for the proposed financing; and

  • The applicant must invest at least 10 per cent equity in the project.

Other Potential Financial Resources 

 

Many businesses fail, especially in the first five years of operation, due to being under-capitalized or not having enough financial resources. It is essential that financial forecasts be made as realistic as possible.

 

It is highly recommended to seek out professionals to help with this. Other potential financial resources include:

  • Commercial banks;

  • Opportunities New Brunswick www.onbcanada.ca/;

  • Canadian Agriculture Loan Act, www.agr.gc.ca/eng/?id=1288035482429;

  • Atlantic Canada Opportunities Agency;

  • Export Development Canada; The New Brunswick Small Business Investor Tax Credit www2.gnb.ca/content/gnb/en/departments/finance/taxes/credit.html;

  • Grants/assistance offered by both levels of government – examples include:

    • Canada Summer Jobs – Service Canada (federal government);

    • Work Ability Program – Department of Post- Secondary Education, Training and Labour – (Government of New Brunswick);

    • Workforce Expansion Program – Department of Post-Secondary Education, Training and Labour.

  • Farm Credit Canada www.fcc-fac.ca/en.html;

If you are a qualified producer younger than 40 years of age, the Young Farmer Loan can help you take the next step in your agriculture career.

For more information: www.fcc-fac.ca/en/we-finance/agriculture/young-farmers

2-150 allée Woodside Lane, Fredericton NB E3C 2R9

Ph./Tél.: 506-452-8101
Fax/Télecop.: 506-452-1085

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