Agriculture Financial Services Act and Regulation

This Act establishes Agricultural Financial Services Corporation (AFSC) as a Crown Corporation. The business of AFSC is to provide lending and financial assistance, insurance, as well as compensation for losses or damage relating to agricultural products. Loans, which may be guaranteed, may be made for both agricultural and non-agricultural purposes. In the case of non-agricultural loans, the intent of the latter is to promote the growth of economic development and diversification. Other financing mechanisms include grants and the issuance of local opportunity bonds. Crop, hail, and livestock price insurance products are offered by the AFSC, as is compensation for wildlife crop damage. The legislation also mandates the operation of a Farm Income Disaster Program and Canadian Agricultural Income Stabilisation Program.
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Act

Regulations

Agriculture Financial Services - 99/2002

Orders in Council

Agriculture Financial Services Act (February 26, 2014) -- 14052
Agriculture Financial Services Act (July 13, 2011) -- 11299
Proclamation - Proclaiming The Agriculture Financial Services Amendment Act, 2008 In Force On April 1, 2009. (March 18, 2009) -- 09136
Agriculture Financial Services Act (March 18, 2009) -- 09137

For more information about this act, contact Larry Langager.

For more information about the content of this document, contact Stacey Tames.
This information published to the web on January 9, 2003.
Last Reviewed/Revised on March 28, 2014.