F-1.2 - Act respecting farm financing

Section 24 Disposition versions

1990-09-12

24. A medium-term loan may be granted for any of the following purposes:

(1)  the purchase of breeding stock;

(2)  the purchase of agricultural tools or machinery, farm equipment or vehicles appropriate for the farming operations of the borrower and mainly used for such purpose;

(3)  the purchase of a production quota contemplated in the Act respecting the marketing of agricultural, food and fish products (chapter M-35.1) except a quota concerning a forest product considered a farm product within the meaning of the said Act;

(4)  the consolidation of debts incurred for any of the purposes described in paragraphs 1 to 3;

(5)  any other purpose which, in the opinion of the Office, may render the operation of the borrower’s farming business more efficient or ensure its continuation.

1987, c. 86, s. 24.

1988-08-11

24. A medium-term loan may be granted for any of the following purposes:

(1)  the purchase of breeding stock;

(2)  the purchase of agricultural tools or machinery, farm equipment or vehicles appropriate for the farming operations of the borrower and mainly used for such purpose;

(3)  the purchase of a production quota contemplated in the Farm Products Marketing Act (chapter M-35) except a quota concerning a forest product considered a farm product within the meaning of the said Act;

(4)  the consolidation of debts incurred for any of the purposes described in paragraphs 1 to 3;

(5)  any other purpose which, in the opinion of the Office, may render the operation of the borrower’s farming business more efficient or ensure its continuation.

1987, c. 86, s. 24.