BNB-New Land Purchase Program

This document is based on information from the Government of New Brunswick (Services) Web site, February 2008.

Under this program, the Agriculture Development Board (ADB) may purchase eligible land on behalf of the applicant and will lease it to the applicant for a period of up to 5 years. In return, the client promises to pay annual lease payments to the ADB, which are equivalent to the provincial lending rate effective at the time of lease approval. The successful applicant must agree to purchase the land from the ADB before the termination of the lease for the price originally paid by the Board. 

Eligibility Criteria

Eligible land under this program

• Has not had any agricultural crop produced and harvested from that land during the previous five years. The only exception is land that has been solely used during the previous five years as unimproved forage land. "Unimproved forage land" means land which may have been used for pasture or hay production, but has not been improved by seeding, draining, fertilizing, brush or weed control during the previous five years.
• Must be intended for the production of crops that contribute to the Strategic Directions of the Department of Agriculture and Aquaculture as described in a five year Crop Development and Land Management Plan prepared by the applicant. In the event that applications exceed the available funding, priority will be given to potatoes and rotational crops; feed grain; horticulture crops that are not eligible under the Perennial Crop  Loans.
• In the opinion of the N. B. Department of Agriculture and Aquaculture is suitable for the production of the intended crops described in the Crop Development and Land Management Plan and
• Will be registered under the AA-Farm Land Identification Program (FLIP), or in the case of uncleared land, be eligible for registration under FLIP after clearing.

Summary

Applications must be completed and received by the Agricultural Development Board. These applications will be reviewed and applicants will be notified of the Board's decision in writing. Successful applicants must indicate their acceptance in writing within 30 days of receiving the offer and failure to do so may result in the offer being withdrawn.

For more information or to apply for the New Land Purchase Program, contact the  Department of Agriculture and Aquaculture regional office nearest you.

New Brunswick Contact(s):
Business Financial Support
Business New Brunswick
P. O. Box 6000
Fredericton, New Brunswick  E3B 5H1
Telephone: 506-453-3890
Fax: 506-444-4182