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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