Bill C-29

RECOMMENDATION

Her Excellency the Governor General recommends to the House of Commons the appropriation of public revenue under the circumstances, in the manner and for the purposes set out in a measure entitled “An Act to increase the availability of agricultural loans and to repeal the Farm Improvement Loans Act”.

SUMMARY

This enactment amends the Farm Improvement and Marketing Cooperatives Loans Act to provide financial support for farmers, including beginning farmers, and farm products marketing cooperatives, as well as to allow for intergenerational farm transfers through a loan guarantee program. It also allows for the adjustment, by regulation, of amounts and percentages set out in the Act. Finally, it repeals the Farm Improvement Loans Act.