3. Loans made under this act are intended to enable the producer to meet expenses considered essential to pursue the activities inherent in his operation or to make up the difference between the prices he receives for produce of a designated production and their production cost.
In the case of the discontinuance contemplated in paragraph d of section 1 concerning a designated production, the loans granted under this act are intended to enable the producer to meet the expenses inherent in the carrying out of a programme of conversion of agricultural operations in accordance with the regulations as well as his essential living expenses, according to the limits provided in the regulations and as long as the new production he undertakes does not enable him to provide for them.
1972, c. 39, s. 3; 1978, c. 47, s. 2.