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AGRICULTURE - Farms - Financing

Wednesday, April 19, 2017 @ 9:52 AM  

Appeal by the Skyline Agriculture companies from a Queen's Bench judgment affirming a decision by the Farm Land Security Board. In 2014, farmers approached investors seeking alternative financing arrangements for young farmers who sought to acquire farmland. A proposed financing structure divided farm ownership between a parent company, a management company, and an operating company. The financing involved a series of instruments and transactions which included a traditional mortgage and swap and derivative agreements held by additional entities. The farming entities were Canadian-owned. The balance of...