N.S. NDP promising loan program for fruit, organic farmers
Program would allow farmers to deter a portion of loan payments until after harvest, says Dexter
Nova Scotia's New Democrats say they would offer a new loan program to fruit and organic farmers if elected Oct. 8.
Premier Darrell Dexter says the program would allow farmers to deter a portion of their loan payments until after their crop is harvested and sold.
Dexter says that would allow farmers to grow their crops without financial pressures.
He says the loans would be offered through the provincial government's Farm Loan Board, which already works with local farmers.
The NDP says there would be no new costs associated with the initiative.
Dexter also pointed to a $400,000 expansion of a loan program for new farmers entering the business announced last month.