COVID-19
Ottawa announces $5-billion in credit for farmers agri-food business
Article published on 24 March 2020
logo imprimer
Noter cet article :
0 vote

Farm Credit Canada increases its lending capacity to $ 5 billion to assist agricultural producers, agri-food businesses and food processors, who are experiencing liquidity problems due to the effects of COVID-19.

Canadas’ Prime Minister, Justin Trudeau :

Eligible producers whose repayment date for their loan with the Advance Payments Program (APP) is April 30 (or earlier) will get an additional six months to repay the loan. This important measure represents $ 173 million in deferred loans and aims to keep more money for farmers during these economically critical months.

It will also provide flexibility for producers to manage their liquidity when faced with lower prices or reduced marketing opportunities. Affected farmers who still have to repay interest-free loans will have the option of requesting interest relief for an additional $ 100,000 for 2020-2021, on condition that the totality of their advances under the APP does not exceed $ 1 million.

The new deadlines for loans under the Advance Payments Program are as follows:
September 30, 2020: 2018 cash advances for grains, oilseeds and pulses;
September 30, 2020: 2018 cash advances for cattle and bison;
October 31, 2020: 2019 cash advances for flowers and potted plants.

Other measures :
Prime Minister Justin Trudeau also announced measures to support Canadian researchers and life science companies, including helping to find potential treatments and vaccines for COVID-19.

This funding, which totals $ 275 million for coronavirus research and medical measures to combat COVID-19, is part of the Government of Canada’s COVID-19 Response Fund. The money invested will be used to advance the COVID-19 projects of university researchers, as well as those of other researchers, which are already underway. It will also ensure a national supply of potential vaccines.

To find out more about the various measures put in place by the Government of Canada in its fight against COVID-19: Coronavirus disease (COVID-19): Canada’s response.

Les Nouvelles du Pontiac

Warden Jane Toller is satisfied with François Legault's response

9 July 2020

MRC Pontiac warden Jane Toller said she was satisfied with the response of the Premier of Quebec, François Legault, to the question asked by Élizabeth Séguin of CHIP 101.9 about the project to create energy from household waste. In her daily update, Ms. Toller recalled that she had already met (...)

lire la suite

The Canadian Armed Forces apologize and thank the people of Mansfield for their understanding

9 July 2020

The Canadian Armed Forces have apologized to the public and to municipalities for the military drill that ended last Tuesday at the Davidson sawmill in Mansfield. They acknowledged that there was a lack of communication on their part and that this will not happen again. They wanted to thank (...)

lire la suite

The municipality of Otter Lake asks citizens to limit their use of water

9 July 2020

The municipality of Otter Lake is asking its citizens to limit their water consumption, due to the current heat conditions in the region. Those who wish to water their lawns are asked to do so between 11 p.m. and 7 a.m. Remember that there is a heat warning in effect for the Pontiac this (...)

lire la suite

Physical assault of a police officer in Mansfield

9 July 2020

A man, possibly in psychological distress, physically assaulted a police officer from the Sûreté du Québec (SQ), on July 1, in the municipality of Mansfield-et-Pontefract. According to information provided by the SQ information officer, Sergeant Marc Tessier, the police received a call at around (...)

lire la suite

COVID-19 cases identified at Pierre-Janet Hospital

9 July 2020

An employee and three users from the Pierre-Janet hospital center in Gatineau were declared positive for COVID-19 at the start of the week. Josée Filion, president and chief executive officer of the Centre intégré de santé et de services sociaux (CISSS) de l'Outaouais, said that this new outbreak (...)

lire la suite

A 61 year-old man arrested for impaired driving in Mansfield

9 July 2020

On Tuesday, the Sûreté du Québec arrested a 61-year-old man from Fort-Coulonge for impaired driving following a regular roadside check in Mansfield. According to information released by the Sûreté at approximately 9:00 a.m., the man, who had been driving an off-road vehicle on Poirier Street, was (...)

lire la suite


Advertising