A million dollar loan will allow farmers in the Peace Region to operate their own grain elevator.
At a ceremony today, the Northern Development Initiative Trust presented the North Pines Farmer’s Institute a cheque for $965,416.
The money will allow the Farmers to purchase and operate the Cargill Grain Elevator and rail-head, as well a grain dryer, and land and properties from B.C. rail.
NDI Chair, and Mayor of Chetwynd Evan Saugstad, says it’s a key element in keeping Peace Region grain moving.
He says the loan will save farmers money, and give them a little more autonomy.
The elevator has faced the prospect of demolition, which prompted the NPFI to request a loan to allow it to purchase the property, giving farmers a more economical way to get their product to market.