This was not a helping hand by the govt………..it was a setup. Harper spent 1 billion to host the G20 to discuss the demise of Canadian Sovereignty. He spent it…….. maybe he should pay it back before he’s jailed for Treason. The same goes for all parties in this country. We borrow our money from the IMF whose goal is to put countries into financial duress. This is just one more step down the road to World Govt. by the banks and the UN. Read the story and then watch the video below of both Harper and Martin telling Canadians “Give up your sovereignty”
A demand that federal loans be repaid within the next two years could mark the end of livestock farming on P.E.I.
The industry has already shrunk to a tiny fraction of what it was a few years ago.
The sight of beef cattle grazing on P.E.I., rare now, could become even more unusual. (CBC)
Two years ago the federal government loaned $17.4 million to dozens of Island beef and hog producers. Prices for livestock were down, and the money was meant to tide farmers over until economic conditions rebounded.
But conditions have improved only slightly, and now Ottawa is looking for its money back. It wants repayment over the next two years. Each producer owes between $80,000 and $180,000.
“If we’re being asked to pay back this money in such a short term, it’s probably going to put a lot of producers that are just on the bubble now at risk of going out of business.”
Farmer Ernie Mutch says economic conditions have not improved significantly since the federal loans were made to farmers. (CBC)The P.E.I. Federation of Agriculture is predicting an 80 per cent default rate on the loans if government doesn’t ease the terms.
“For these producers to try to pay this back at this point in time, I just don’t see that’s possible,” said federation executive director Tim Seeber.
“This’d be the nail in the coffin to our livestock industry, if the federal government continues to go ahead and push the kinds of terms on this advance payment they’re currently talking about,” said Easter.
Easter, farm groups and the provincial government are all asking the federal government to give farmers 15 to 20 years to pay back their loans, rather than asking farmers to pay in full over the next couple years. Otherwise, they say, this program meant to sustain the livestock industry on P.E.I. could instead bring it to an end.
Click link below to watch videos of Harper and Martin