GFM Network News


Debtors must be aware of the options available to lenders in case of default or demand, Alberta Agriculture warns.

Read before signing the loan agreement, says expert

Agriculture is a capital-intensive business, and farmers often enter into financial agreements with lenders with the assets purchased with the loan used as security. “Unfortunately, farm business managers can fall into a pattern of simply signing documents, and not reviewing all the conditions thoroughly,” said Rick Dehod, agriculture farm financial specialist with Alberta Agriculture and […] Read more

The downside of an option-to-purchase land agreement

This type of agreement doesn’t oblige an energy or utility company to buy the land

The Farmers’ Advocate Office has received numerous inquiries on option-to-purchase agreements between landowners and the energy and utility sectors. “It’s important that landowners are aware of the risks of option-to-purchase agreements,” said Jeana Les, research and communications specialist for the advocate office. “An option-to-purchase agreement locks a landowner into selling to a certain company at […] Read more