Canadian Agricultural Loans Act

Marginal note:Definitions

2 In this Act,

farmer

farmer means any individual, partnership, corporation or cooperative association that is or intends to be engaged in farming in Canada;  (agriculteur)

farming

farming means the production of field-grown crops, cultivated and uncultivated, and horticultural crops, the raising of livestock, poultry and fur-bearing animals, the production of eggs, milk, honey, maple syrup, tobacco, fibre, wood from woodlots and fodder crops and the production or raising of any other prescribed thing or animal; (agriculture)

farm products marketing cooperative

farm products marketing cooperative means a cooperative association, incorporated under the laws of Canada or a province for the purpose of processing, distributing or marketing on a cooperative basis the products of farming, with a majority of 50 per cent plus one of members or shareholders that are farmers; (coopérative de commercialisation des produits agricoles)

lender

lender means

• (a) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act,

• (b) a credit union, caisse populaire or other cooperative credit society that is designated by the Minister on the application of that society as a lender for the purposes of this Act,

• (c) a company within the meaning of the Trust and Loan Companies Act, or a company, society or provincial company within the meaning of the Insurance Companies Act, that is designated by the Minister on the application of that company, society or provincial company as a lender for the purposes of this Act,

• (d) a Province of Alberta Treasury Branch established pursuant to the Treasury Branches Act, chapter T-7 of the Revised Statutes of Alberta 1980, or

• (e) any other organization that is designated by the Minister, with the approval of the Minister of Finance, on the application of that organization as a lender for the purposes of this Act; (prêteur)

loan

loan means a loan in respect of which this Act applies by virtue of section 3; (prêt)

Minister

Minister means the Minister of Agriculture and Agri-Food; (ministre)

prescribed

prescribed means prescribed by regulation. (Version anglaise seulement)