(a) at least one member having technical or specialized knowledge of the industry to which the consideration of the application for financial assistance relates;

(b) one member as Chair of the panel; and

(c) an adequate number of members to make a recommendation by majority vote.

(a) to purchase farming operations;

(a.1) to purchase shares in a farming operation;

(b) to purchase land to be added to existing farming operations;

(c) to erect farm buildings and facilities;

(d) to purchase essential farming equipment and livestock;

(e) to convert short-term liabilities to medium-term or long-term obligations as warranted by income probabilities and the security to be taken;

(f) to accomplish a more effective use of land;

(g) to establish and improve woodlots;

(h) to provide financial support to persons affected by land use and agricultural development projects; and

(i) to finance agricultural linkage operations.

(a) signed by the applicant, and

(b) delivered in person to the Minister.

(a) on the date of issue of the guarantee, an annual charge that is equal to 1.5% of the outstanding principal amount of the loan to which the guarantee applies, and

(b) each following year on the anniversary date of the date of issue, an amount equal to 1.5% of the portion of the principal amount of the loan to which the guarantee applies that is outstanding on that date.

(a) the Board shall be satisfied that a sale of land under an agreement of sale will effectively establish the purchaser on a farm unit in circumstances enabling the purchaser to obtain the income necessary to repay any financial assistance given under the Act;

(b) the Board shall be satisfied that a purchaser has the necessary ability, skill and knowledge to operate the premises in accordance with a mutually agreed on management plan;

(b.1) the purchaser shall undertake to operate the premises in accordance with a mutually agreed on management plan;

(c) a purchaser shall operate any woodlot or woodland situated on premises occupied under an agreement of sale in accordance with a mutually agreed management plan, but the cutting and sale of wood from such woodlot shall be done only by authority of a release or permit issued by the Board;

(d) a purchaser shall, at such times as the Board may require, submit a statement showing the details of the operation of the occupied premises and conveying a true account of the condition and income producing state of the premises;

(e) a member of the Board or a person employed by the Board may at any reasonable time enter upon any property occupied by a purchaser under an agreement of sale to observe and evaluate the manner in which the property is being used and managed;

(f) title to land occupied under an agreement of sale shall remain in the Board until all money due the Board is paid;

(g) a purchaser shall pay all taxes levied against the occupied premises;

(h) the sale price of premises shall be determined in the discretion of the Board and shall be based on the appraised value for agricultural or forestry purposes, or both, of the premises at the time of sale;

(i) the term of an agreement of sale shall be determined in the discretion of the Board, to a maximum of five years;

(j) notwithstanding paragraph (i), the Board may renew an agreement of sale where the amortization plan of an agreement of sale exceeds the term of the agreement or of any renewal and a balance of principal or interest, or both, remains outstanding upon the expiry of such agreement or renewal;

(k) interest payable under an agreement of sale shall be the provincial interest rate on loans in effect at the time the loan is approved by the Board, calculated semi-annually on the outstanding principal and accrued interest;

(l) payment of the purchase price shall be in equal periodic instalments of principal and accrued interest, but the Board may, for good reason, of which it shall be the judge, and with the consent of the purchaser, alter or amend an agreed schedule of repayment;

(m) a purchaser shall, at his own expense, maintain adequate insurance to protect the Board against loss or claims for damages arising from any use of the premises whatsoever; and

(n) when the Board repossesses property under section 19 of the Act, the defaulting purchaser shall have no recourse at law or in equity against the Board for so repossessing any property.

(a) for the purpose of providing advice on woodlot management and for establishing and improving woodlots and woodlot management on existing holdings, and

(b) for the conversion of ineffectively used land on existing holdings to a more effective use in keeping with the capability of the land.