Cariboo North MLA Coralee Oakes has announced that the Liberal Government will increase the maximum guarantee limit to 15 million dollars for two popular loan guarantee programs for B.C. ranchers.
Oakes says the loan guarantee programs have been so successful that several regional co-operative associations have reached their current maximum for limits.
She says the increase, from 9.75 million dollars, will allow industry to finance additional cattle purchases to build inventories.
This program is in its 26th year.