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Manitoba minister shifts stance on farm loan rates
Manitoba Agriculture Minister Bill Uruski backs away from a blunt eight percent rate threat and proposes a debt adjustment board with teeth. The plan would target the ten percent of farmers in serious financial distress, including those with notices from the Manitoba Agricultural Credit Corporation, the provincial lending agency. The timing of his warning and the new board’s powers are described as a strategic move to ease farm debt pressures.
MENTIONED IN THIS ARTICLE
Manitoba
Bill Uruski
Uruski
Manitoba Agricultural Credit Corporation
Mr. Uruski