The Farm Land Security Board is a quasi-judicial tribunal whose members are appointed by the Lieutenant Governor in Council. It is funded and managed as part of the Ministry of Agriculture but does not take direction in its decision-making from the government.
In 1988 The Saskatchewan Farm Security Act (the Act) consolidated a number of pieces of farm protection legislation into one statute. The Farm Land Security Board is responsible for administering Farm Foreclosure protection, Home Quarter protection, and Farm Ownership protection; Parts II, III, and Vi of the Act respectively.
- Part II, Farm Foreclosure protection, regulates the processes by which lenders move towards foreclosure of farm land either through mortgages or writs of execution.
- Part III, Home Quarter protection, provides protection for the farm homestead from the court’s final order for foreclosure by lenders in satisfaction of mortgage debt, and judgment debt.
- Part VI, Farm Ownership protection regulates the ownership and operation of Saskatchewan farm land by Non-Canadian entities.
The Farm Land Security Board meets regularly to carry out its duties under the Act.