Gov­ern­ment ex­pands in­ter­est re­lief for farm­ers

Cape Breton Post - - CAPE BRETON / PROVINCE -

HAL­I­FAX — The Nova Sco­tia gov­ern­ment says more farm­ers have ac­cess to in­ter­est re­lief un­der changes to its Far­mNEXT pro­gram. Agri­cul­ture Min­is­ter Keith Col­well says the changes ex­pand the el­i­gi­bil­ity cri­te­ria for the pro­gram. The province says more than one child in a fam­ily can now ap­ply for the pro­gram pro­vided each child op­er­ates their own farm en­tity as a sep­a­rate and unique busi­ness. It says new farm­ers may also be el­i­gi­ble when they pur­chase farm­land. The pro­gram re­duces bor­row­ing costs for farm­ers, with up to $30,000 in ben­e­fits as­signed to in­ter­est on a farmer’s loan from the Nova Sco­tia Farm Loan Board.

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