The Saskatchewan government has confirmed it will be shutting down its Livestock Loan Guarantee (LLG) program.
The province cites a continued decline in participation as the reason why they made the decision.
The program started back in 1984. As there’s more access to lending options these days, producers expressed confidence to the government that the need of the LLG was not there.
For all producers that have loans within the program, they are expected to be paid down over the next five years. LLG will also guarantee livestock loans until December 31, 2018.
Reaction to follow.