COCHRANE — Alberta Premier Jim Prentice says the province is pitching in with more money to help rural-based industries.
Prentice says the Agriculture Opportunity Fund will double to $3.5 million.
And the Feeder Association Loan Guarantee will be doubled to $1 million.
Prentice says the loans will give cattle feeders more access to cash in response to higher market prices.
The changes come after a committee toured the province last spring.
The financial impact of Alberta’s rural sector is estimated to be more than $77 billion a year.