Federal Agriculture Minister Lawrence MacAulay told the annual meeting of the Canadian Federation of Agricculture he’s powerless on restoring the interest-free portion of advance payments to $350,000.
It has been cut to $100,000, but the loan limit remains at $1 million.
When he was asked about restoring the interest-free portion, MacAulay answered “Perhaps the government can. I can’t.”
It was delegate Ethan Wallace who put MacAulay on the spot.
MacAulay did say he will push for restoring the benefit every chance he gets.
