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NEW FARM OWNERSHIP RULES EFFECTIVE JANUARY 1ST

Released on December 19, 2002

Legislation to remove restrictions on ownership of Saskatchewan's farm land

becomes law on January 1st, 2003.



The new law removes all restictions on ownership for Canadian individuals

and companies. The rules for non-Canadian owners remain at 10 acres for

both individuals and non-Canadian-owned entities.



"Saskatchewan needs increased investment to ensure the long-term

sustainability or our rural communities," Justice Minister Chris Axworthy

said. "Stakeholders have said removing ownership restrictions would

encourage development in both the livestock industry and or value-added

sectors. That kind of development provides new opportunities for

Saskatchewan residents."



Deputy Premier and Agriculture, Food and Rural Revitalization Minister Clay

Serby said the legislation sends the message to all Canadians that

Saskatchewan is open to outside investment.



The changes to the farm ownership rules were undertaken in response to

consultations with stakeholders conducted by the Standing Committee on

Agriculture, and in response to recommendations by the Action Committee on

the Rural Economy.



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For more information, contact:



Debi McEwen

Justice

Regina

Phone: (306) 787-6043

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