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Cycle of debt continues for Canadian livestock farmers
The federal government plans 3.8 billion in payments and loans to farmers, mostly livestock, over coming months. Loans must be repaid, risking ongoing debt burdens in a sector already squeezed by higher feed costs and a strong currency. Proposals include extending breeder loan principal payments for a year with interest due, but experts say true relief requires addressing fundamentals rather than adding debt.
MENTIONED IN THIS ARTICLE
Stephen Harper
Canada
Saskatchewan
Ottawa