More money for agriculture was announced this morning by the provincial government.
FarmNEXT will receive an additional $400,000 in 2014-15 to help revitalize the sector and ease the financial burden for farmers just starting out. Premier Darrell Dexter made the announcement Aug. 23 as part of the Meet Your Farmer at the Mall event in Dartmouth.
"Nova Scotia is the only province in Canada to see an increase in the number of farms since 2009," he said. "That means farmers are recognizing that Nova Scotia is a great place to build their career and a life for their families.
"This additional support will help ensure even more new and beginning farmers choose Nova Scotia, which is key to the long-term prosperity of the agriculture industry in this province."
The FarmNEXT program supports new farms and beginning farmers by reducing borrowing costs. Farmers starting a new farm can receive up to $30,000 in benefits, while those taking over an existing operation can receive up to $20,000 in benefits. Those benefits are assigned to the farmer's loan through the Farm Loan Board.