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House Hansard - 211

44th Parl. 1st Sess.
June 12, 2023 11:00AM
  • Jun/12/23 2:55:55 p.m.
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Mr. Speaker, when our farmers used the emergency account during the pandemic, they could not have anticipated all the other misfortunes that would follow. The war in Ukraine has driven up input costs. The inflation rate is more than three times higher than in other industries. There is $8 of debt for every dollar of income, and the policy rate continues to rise. I could go on all day. As a result, one in 10 farm businesses are worried about having to shut down within a year. Will the Minister of Finance allow farmers to defer their emergency account repayments without them losing the subsidy portion?
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