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Canadian Agricultural Loans Regulations

Version of section 2 from 2006-03-22 to 2014-02-27:

 For the purpose of paragraph 4(1)(h) of the Act, the other purposes for loans made to farmers are the following:

  • (a) the clearing, breaking, irrigating and reclaiming of land;

  • (b) the conservation of soil and the prevention of soil erosion by the planting of trees and shelter belts;

  • (c) the purchase, movement to and installation on a farm of complete or partially complete structures and, if necessary, the completion of the installed structures;

  • (d) if the cost is $2,000 or more, a repair or overhaul of fencing;

  • (e) if the cost is $2,000 or more, the purchase and planting of maple trees for maple syrup production and the purchase and planting of fruit trees, Christmas trees and ginseng;

  • (f) the construction of a road or driveway on a farm;

  • (g) the costs of land transfer taxes and survey, appraisal and legal costs relating to the purchase of additional land;

  • (h) the purchase of a crop storage condominium;

  • (i) the cost of obtaining security on existing assets; and

  • (j) the cost of a fee or charge referred to in section 17.

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