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These Regulations are made under the Agriculture (Loans and Guarantees) (Jersey) Law 1974, which grants power to the States to provide for lending of money for prescribed agricultural purposes. The Regulations establish a Fund and constitute a Board for purposes of these Regulations and empowers the Minister to make loans to a bona fide inhabitant of Jersey who engages wholly or mainly in agriculture in Jersey. The purposes for which a loan may be granted include: the purchase agricultural land, to be occupied and farmed by the farmer; the carrying out of improvements of such land that will contribute to the more efficient and economic farming of that land; and the purchase of livestock. A loan, if required by the Minister, shall be secured by a judicial hypothec charged on such of the real property in the ownership of the applicant as the Minister, on the recommendation of the Board, may determine.
Implements: Agriculture (Loans and Guarantees) (Jersey) Law 1974. (2006-01-01)
