Canada Approves Millions in Temporary Interest Rate Relief for Farmers as Inflation Hedge

Canada Approves Millions in Temporary Interest Rate Relief for Farmers as Inflation Hedge
A man works on a farm in Norfolk County, Ont., on June 3, 2022. Nathan Denette/The Canadian Press
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The federal government has approved millions of dollars in temporary interest rate relief for farmers to help them recoup higher-than-usual production costs rising as a result of inflation.

“Canadian producers have been facing higher costs of production brought on by general inflation,” Agriculture and Agri-Food Canada, the federal agriculture department, wrote in a Regulatory Impact Analysis Statement, as first reported by Blacklock’s Reporter.