Act to promote long term farm credit by private institutions (R.S.Q., c. C-75.1). Country/Territory Canada Territorial subdivision Québec Document type Legislation Date 1978 (1988) Source FAO, FAOLEX Subject Agricultural & rural development Keyword Credit Financial agricultural measures Agricultural development Cooperative/producer organization Geographical area Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic Abstract The present Act lays down provisions relating to long term farm credit by private institution. The Act contains at the outset a definition clause relating to various terms therein employed such as “agriculture”, “farm”, “economic farm”, “farm operator”, “farmer”, “aspiring farmer”,” “agricultural operations corporation”, “agricultural operations cooperative”. The said Law establishes the various requirements needed in order to obtain credits and loans. To mention just a few of them they relate to: (a) purchase of farms or parts of farms; (b) purchase of livestock, farm implements, agricultural tools or machinery, farm equipment, farm tractors, bulldozers, trucks, pick-ups and any motor vehicle habitually used on a farm, appropriate for the agricultural operations of the borrower, (c) construction or repair of farm buildings; (d) clearing of land, drainage or any other permanent improvement designed to increase the productivity of the farm Full text English Website www.gouv.qc.ca