The Board also functions as the Nova Scotia Timber Loan Board. The Board administers a creditor group life insurance policy for farmers who are borrowers of the Nova Scotia Farm Loan Board. The policy is held with the Mutual Life Assurance Company of Canada. A brochure is available outlining the insurance program. Timber The Nova Scotia Farm Loan Board, sitting as the Timber Loan Board, provides loans to mill operators for timber land acquisitions.
Loans are available under the same terms as commercial farm loans.
A counselling service is provided to evaluate farm development proposals or to review farm financial situations of existing farm operations. The establishment of effective lines of communication with farmers allows for a comprehensive analysis of financial projections and proposals. An advisory service is provided to farms in financial difficulty, including a review of historical conditions, an evaluation of the current situation, and projection of changes required for the financial improvement of the farm. For more information, contact the Loan Board Webmaster . All rights reserved.