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Government awards whole farm insurance and loan plan for Peace River farmers
After a year of lobbying the provincial government unveils a 4.5 million loss provision for a Farm Distress Operating Loan Guarantee program and an 18 million credit line to farmers. A two year Whole Farm Insurance Program triggers payouts when margins drop below 70 percent of a three year average, raising questions on calculation and eligibility while acknowledging the sector's weather related distress.
MENTIONED IN THIS ARTICLE
Peace River
B.C
Corky Evans
Peace Region
Farm Crisis Committee
Victoria