HomeMy WebLinkAboutThe Goderich Signal-Star, 1987-03-18, Page 39Financial
programs.
• from page 18
- - Training, travel and srelocation
assistance as well . as self-employment
Lgrant of up to $180 per week for up to 26
'weeks are available to eligible persons.
- Wage incentives to employees of up to
-$3.50 per hour forup to 40 hours a week for
a period of up to 26 weeks is also available.
- Farmers who ceased farming between
February 26, 1986 and September 1, 1986
must apply. for assistance before March 1.
1987. Those ceasing 'farming after
September 1, 1986, may apply up to six
months after ceasing farming' or wind- .
down their operationno later than three
j. months after filing an application. Final
date is March 31, 1988.
- Application for this program should be
made through the Canada Employment
Centre. -
3. Federal Farm Debt Review Act
- This review. process ensures -that farm
operations in financial difficulty, or ac-
tually facing a farm foreclosure situation,
have access to an impartial third -party
review of individual farm circumstances
and possible . financing/refinancing op-
tions. A. voluntary agreement between a
farmer and his creditor(s) for a mutally
- satisfactory arrangement will be sought.
- There are two types of applications:
for an insolvent farmer and d a farmer in
financial difficulty.
= Any -creditor intending to foreclose on
a farmer must provide him' with written
notice, at least 15 business days before tak-
ing any action, of these intentions and
must advise him of the right to a review.
- The Act allows for a stay of pro-
.ceedings for an initial 30 days and this stay
may be extended at 30" -day intervals for a
total period of up to 120 days. There is no
power to impose debt reduction.
- Application forms are available at the
Farm Credit Corporation office and at the
local offices of the Ontario Ministry of
Agriculture and Food.
D. Term Loans
1. Ontario Young Farmer Credit Pro-
gram - an ongoing program, it -provides a
guarantee to the. bank on term loans for,
persons under 35 years of age. Interest
rate equals prime plus 1 percent and is
floating.
2. Ontario Tile. Drainage Loans - ten-
year loans for up to 75 percent of the<cost of
tile drainage - at - 8 percent available
through local municipal offices.
Financial Incentive
Programs
A. 1. Ontario Soil Conservation and En-
vironmental Protection Assistance Pro-
gram (OSCEPAP II) - this is a major
thrust to reduce soil erosion and improve
water quality. Benefits were enhanced in
January 1987. Extra staff resources have
been allocated to advisory services and
'educational programs. The erosion control
grant provides up -to 662,3 percent of the
eligible cost of work on approved projects
to a maximum of $10,000. A manure
storage grantisavailable for up to 40 per-
cent -of the eligible cost of work on an ap-
•
proved storage project up to a maximum
of $7,500 per farm operation.
2. Enhanced OSCEPAP II - The enhanc-
ed Ontario Soil Conservation and En-
vironmental Protection - Assistance Pro-
gram - OSCEPAP II,` provides additional -
financial assistance to farmers undertak-
ing soil erosion control and environmental
protection projects. Under the terms of
this program, the Ministry of the Environ-
ment will supplement the grants • paid by -
the Ministry of Agriculture and Food in
certain target watersheds within .the -
province.
For erosion control projects the enhance-
ment will be equal to 75 percent of the eligi-
ble cost, less. the basic-OMAF grant, up to
-'Turn to page 22 •
Pago
IT'S CM
NGE TI
Save now on .qu = Dity filters to pr c tect
ert9 cars and trucks.
your far; i equip
114406
tor Case
+` Tractors
�S689
1 F3313A
for Ford'8{Chrysler
A spent filter can't trap contaminants that rob your engine of
performance and increase the risk of engine damage. It takes just a few
moments to protect your engine and there's no better time than today.
We have a complete stock of filters for your farm equipment and
vehicles ... oil filters, fuel faiiters, hydraulic filters and air filters.
It's Change 11 tea ForSetler Protection,. For ether Performance.
Retool now with specie values n CASE IH T
A
Hap Pats.
BREAKER
Save on SWEEPS, SHOVELS POINTS, E ARES . .
Whatever your Plee s
BLJYNOW, SALE ENDS MARCH 31
CASE 1H 71/2" SWEEP with b ids $4�®
Cash And Carry - MUni n m f uantity 25
II
C.A. ECKER
EQUIPMENT LIMITED
LUCKNOW ,.� t 529-7
101
MEM
93