By Maryland Agricultural & Resource-Based Industry Development Corporation
The Maryland Vineyard Planting Loan Fund has been established by MARBIDCO to help meet the unique financing needs of Maryland’s rural landowners wanting to plant vineyards and develop wineries. Vines typically take 3-4 years to produce their first commercial crop, with additional years to reach full maturity. This program makes available low-interest loans of at least $10,000 to qualified applicants. The requested loan relate to the installation of new vineyards, including, but not limited to, the prepping yof land for vineyard installation, purchase of vines, vineyard equipment and supplies. The purchase of tractors, pick-up trucks, and wine-making equipment are not eligible for financing under this particular program, but are eligible for financing under other MARBIDCO programs.
Maryland