The present Regulations provide for the discipline of the sale of land to the Land Development Corporation; as an alternative to a cash purchase, the Corporation may purchase farm land that is offered in consideration of an annuity agreement. The Corporation may make improvements to farm land for which it has title, if the improvements add sound value, increase productivity and improve the attractiveness of the property for lease or resale. The Corporation may expend funds for seed, lime or fertilizer and other similar improvements to establish farm lands for grazing, controlling erosion, providing weed control and other similar purpose. Sale and lease of Corporation lands is also disciplined.
Canada · 1972-01-01