Plant Your Roots Program
The objective of the Plant Your Roots Interest Rebate is to encourage and support new ownership of commercial farms in Nova Scotia. Program funding is intended to improve the financial stability of beginning farmers in the first years of operation, based on a four-year projected calculation of eligible loan interest on new loans only.
Offered by Department of Agriculture
Amount
Up to $100,000
Interest rebate based on a calculation of the projected loan interest over a four-year period, to a maximum of $100,000, paid to the financial institution managing the loan
Quick eligibility check
Who can apply
To be eligible, you must be a farm or Mi'kmaq conducting farming activities in a Mi'kmaw community.
Stream 1: Beginning farmers
- New farmers that have owned a farm business for less than five years and have not yet achieved
$30,000 in farm revenue.
Stream 2: Commercial farm purchases
- New farmers that are purchasing their first commercial farm or purchasing at least 25% interest
in a commercial farm for the first time.
We are also committed to the development of diverse and inclusive industries. We welcome individuals from all underrepresented and underserved communities including but not limited to women, persons with disabilities, Black and African Nova Scotians, Mi’kmaq, Indigenous peoples, 2SLGBTQI+ and racialized individuals, to apply to programming.
Note: Farmers who have leased farmland through the PAAL Program, Martha’s New Growers, or similar arrangements, may be eligible for the Beginning Farmers stream even if they have farmed for more than five years or exceeded $30,000 in annual farm revenue. These applications will be considered by Programs and the Plant Your Roots Review Committee on a case-by-case basis.
Program Criteria Stream 1: Beginning farmers must:
- be starting their first farm business with the goal of reaching a commercial scale level (> $30,000
gross farm sales) within 5 years.
- work with their local Business Development Officer or Agricultural Representative on their
business plan and income projections.
- reach a minimum level of annual gross income by March 2031. The level of annual gross income
required will be equivalent to the amount of rebate received.
- be currently registered under the Farm Registration Act.
- be actively farming in the program year and applicant must be 19 years of age or older.
- be a resident of Nova Scotia.
Stream 2: New farmers purchasing a commercial farm must:
- be purchasing an existing commercial farm (100% interest) or purchasing interest in a
commercial farm (minimum 25% interest) for the first time. The eligible farming income will be based on the Farm Registration income level.
- if purchasing interest in a commercial farm, applicants must have obtained at least 25%
ownership of the farm within 6 months of this application AND be borrowing money for one of the following purposes:
- innovative technologies with a focus on labour efficiencies
- technologies supporting local food production
- commercial farm purchases
- investment in properties to create active farm locations or reactivate viable farmland
- reach a minimum level of annual gross income by March 2031. The level of annual gross income
required will be equivalent to the amount of rebate received, proportionate to the ownership percentage in the farm business.
- be currently registered under the Farm Registration Act.
- be actively farming in the program year and applicant must be 19 years of age or older.
- be a resident of Nova Scotia.
Qualifying loans must include a fixed interest rate.
- The program is designed to support new farmers taking out first-time commercial farm loans.
- If applying to Stream 1: Beginning farmer, a business plan with income projections must
be included.
- If applying to Stream 2: Commercial Farm Purchases, loans from lenders that are not
farm-focused may be considered but must be accompanied by a business plan and income projections Note: This program is anticipated to be offered again in 2027-28.
Farms that previously received benefits under FarmNEXT and Plant Your Roots Interest Rebate will not be eligible.
About the funding
Applicants can apply to receive Program funding to a maximum of $100,000. Program funding will be determined by a calculation of the projected loan interest over a four-year period.
- The Program funding will be issued to the financial institution managing the loan which was applied
for.
Note: Approval of applications is subject to availability of Program funding. The total amount of Program funding awarded to each applicant, or to associated applicants, may be limited at the discretion of the Department of Agriculture to ensure opportunities for additional applicants to access Program funding.
Show all funding details
Repayment Agreement The applicant will be required to repay the amount of benefit received through this program if the farm, farmland or assets relating to the eligible loan are sold, or if the farming operation is discontinued for any reason within a five-year period from the date of loan/program approval.
Applicants who do not meet their minimum level of gross revenue by March 2031 (determined by their approved Program funding amount) will be required to repay the difference between their Program funding approved and their gross revenue.
- E.g.: Stream 1 applicants receiving $30,000 from the program must achieve a gross revenue of at
least $30,000 by March 2031. If their gross revenue is $25,000, they must repay $5,000.
- E.g.: Stream 2 applicants receiving $50,000 from the program must achieve a gross revenue of at
least $50,000 by March 2031. If an applicant purchases 25% ownership in a farm business and receives an interest rebate of $100,000, the applicant will be expected to have an income level of $400,000 by March 2031.
Program funding is intended to improve the financial stability of beginning farmers in the first years of operation, based on a four-year projected calculation of eligible loan interest on new loans only.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Innovation Rebate Program | Rebate | Up to $3,750,000 | Open |
| Payroll Rebate | Rebate | Rebates of between 5% and 10% of the applicant's gross payroll, paid annually for a set term (typically five years) up to an approved amount | Open |
| Canadian Roundtable for Sustainable Beef (CRSB) | Rebate | Up to $4,000 | Open |
| Ducks Unlimited Canada and PepsiCo | Rebate | Lesser of a portion of your lending with FCC, to a maximum of $4,000 per year, or $100 per acre registered in DUC's Marginal Areas Program | Open |