Federal loans threaten P.E.I. livestock farms


Editor:

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.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.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.

CBC (Canadian Communist Corporation)

Click link below to watch videos of Harper and Martin

Never saw this on the TV ……did ya!

Stephen Harper Says Canadians Must Give Up Their Sovereignty

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3 thoughts on “Federal loans threaten P.E.I. livestock farms

  1. A picture is worth a thousand words – can you say indentured labour? With all due respect, to farmer Ernie Mutch – he has CAT stamped on his body, JOHN DEERE stamped on his tools, and he’s asking the government for help? Farmers never knew how much they gave away for so little.

  2. This quote is straight from the “World Bank Website”. Too bad Canada can’t treat their own countrymen with the same “gusto” they seem to claim they do for poorer countries!

    “The World Bank benefits from having among its leading members a country that has long been a strong proponent of multilateralism. Enshrining that concept as the foundation of the international order has been a hallmark of Canada’s foreign policy since the end of World War II.
    Canada participated in the 1944 Bretton Woods conference that led to the creation of the World Bank and the International Monetary Fund and formally joined both organizations in 1945.

    For Canada, membership in the world’s premier multilateral development financing institution enables it to leverage not only its funds, but also its own knowledge and capabilities for greater impact on poverty reduction and sustainable development worldwide. For its part, the World Bank recognizes Canada not only as a significant financial contributor but also as a steadfast partner in the effort to achieve its goals, which today are aimed squarely at targeting poverty reduction in the developing world.”

  3. Drive the populace into massive levels of debt by increasing prices on everything from food to energy and then offer up “loans” to tide them over until the “recession” is over which will never be over and then demand payment back immediately for those loans!

    There ya have it!……..our Government has been successful in taking over control of Lands, Resources and People’s Lives by using their very own money to do this disgusting deed!

    Brilliant!

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