Farm debt has hit a record high, bringing back some unpleasant memories of the 1980s debt crisis. But we’re not there yet, said farm business expert Merle Good. “In 1980, we had huge inflation and huge interest rates,” said Good, a longtime tax specialist with the provincial government who now runs a private consulting business. […] Read more
Farm Credit Canada is expanding its loan program for young farmers by $500 million. FCC launched the program four years ago and had nearly 6,000 loans totalling more than $1.3 billion as of Dec. 31, 2015. The Young Farmer Loan program provides qualified producers, under age 40, with loans of up to $500,000 to purchase […] Read more
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