What is an Agriculture Construction Mortgage?
Constructing new buildings, expanding your operation, or developing agricultural property takes planning — and the right financing. An Agriculture Construction Mortgage provides stage‑based funding to support projects like RTM (Ready-to-Move) buildings, machine sheds, barns, grain storage, workshops, processing facilities or new commercial farm structures.
Whether you’re putting up a new barn, shop, grain facility or commercial ag building, you’ll get flexible, stage‑based financing that matches your construction timeline and cash‑flow cycle. You make interest‑only payments during the build and move to blended payments once it’s complete. With advisors who understand Saskatchewan agriculture and the realities of running a farm, you get a clear, dependable path to growing your operation.
Features.
Financing built for construction
Financing designed for commercial, industrial and mixed-use projects.
An Agriculture Construction Mortgage provides financing tailored for the purchase of agriculture land and construction of barns, shops, storage structures, processing facilities, RTMs and other ag-related buildings.
Built for your project
Finance land, new builds, expansions, RTMs and major renovations.
Whether you’re acquiring land, constructing a new building, developing an RTM, expanding an existing property or completing a major renovation, an Agriculture Construction Mortgage can provide financing structured around your project.
Flexible financing options
Choose terms, amortization and rate options to suit your project.
Construction financing can be structured with flexible terms and amortization periods, with fixed or variable interest rate options available to help align your financing with your project and investment strategy.
How does it work?
An Agriculture Construction Mortgage s financing used to acquire land, develop agricultural property, build new farm or commercial structures, or purchase and install an RTM. It supports large, long‑term projects throughout the construction process. This is a mortgage product — not a revolving credit source — and is designed to align with the unique cash‑flow cycles of farm operations.
Construction financing can be tailored for the purchase of agricultural land and the construction of barns, shops, storage structures, processing facilities, RTMs and other agriculture-related buildings. Flexible term and amortization options, along with fixed or variable interest rate choices, can help align financing with your project, operational needs and long-term growth plans.
Our construction timeline will influence when funds are released, and inspections or progress reports may be required before funds are advanced at each stage of the project. Down payment requirements may vary depending on the type of land, the scope of the project and the financing structure. Agricultural construction mortgage rates may also differ from other types of financing.
Approval may require financial statements, project plans, budgets, cost estimates and other supporting documentation. Once construction is complete, refinancing options may be available to transition the financing into a longer-term mortgage structure.
Helpful tools for managing your business finances.
Common questions.
Here’s what people ask us the most.
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Agriculture Construction Mortgages can support agricultural land purchases and projects such as barns, shops, storage structures, processing facilities, RTMs and other ag-related buildings, as well as expansions and major renovations.
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A construction draw is an advance of funds from your approved financing at a stage of the project. Funds are released as construction progresses, with inspections or progress reports potentially required before each draw.
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Inspections or third-party progress reports may be required before funds are advanced at each stage of construction. Specific requirements will depend on your project, financing structure and construction schedule.
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Approval may require farm financial statements, project plans, construction budgets, cost estimates and other information about the property and project. The specific requirements will depend on your financing request.
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Once construction is complete, refinancing may be available to transition your financing to a longer-term amortization structure. Options will depend on your circumstances, property and financing needs.
Wondering how much you can borrow? Let's find out together.
Our Ag Advisors can help you explore loan and line of credit options, understand your choices and find a solution that fits your goals and budget.
