Veterans’ Land Regulations — 43
43 (1) In this section, specified acres means, in respect of a collateral agreement, the number of acres specified in the collateral agreement; ( acres spécifiées ) specified grain means wheat, oats, barley, flax, rye and rapeseed. ( grain spécifié ) (2) A veteran established or to be established as a farmer under the provisions of the Act in a spring wheat area as defined in the Prairie Farm Assistance Act and whose principal crops grown are specified grains may, in addition to continuing under or entering into a principal agreement or agreements under the Act, enter into a crop share agreement, hereinafter called a collateral agreement, as collateral to the principal agreements. (3) A collateral agreement described in subsection (2) may provide, among other things, that (a) the veteran will, in each year during the term of the agreement, seed to a specified grain or combination of specified grains the number of acres specified in the collateral agreement, unless the Director approves the seeding, in any year, of a lesser number of acres; (b) where the Director approves the seeding in any year of a lesser number of acres than the specified acres, the veteran will, in the next following year, seed to a specified grain or a combination of specified grains in addition to the specified acres, the number of acres by which the specified acres was reduced in the preceding year, and the aggregate of the specified acres and the additional acres shall be deemed to be the specified acres for that year; (c) the veteran will deliver to the order of the Director in each year during the term of the collateral agreement, when harvested, one-half of the yield of each specified grain seeded on the specified acres that is in excess of the minimum yield for that grain but not in excess of the maximum yield for that grain; (d) the veteran may deliver to the order of the Director additional grain from the specified and additional acres; (e) where, in accordance with the terms of the collateral agreement, no grain is delivered to the order of the Director in any year, (i) payment of the amortized amounts due in that year under the principal agreements shall be postponed to the termination date of the last expiring principal agreement, and (ii) interest on such amortized amounts shall accrue only on the principal portion thereof; (f) where the proceeds from the grain delivered to the order of the Director in any year are less than the aggregate of the amortized amounts due in that year under the principal agreements, (i) payment of the amount of the deficiency shall be postponed to the terminating date of the last expiring principal agreement, and (ii) interest on the amount of the deficiency shall accrue only on the principal portion thereof; (g) where the proceeds from grain delivered to the order of the Director in any year exceed the aggregate of the amortized amounts and other amounts due in that year under the principal agreements, the excess amount shall be applied in reduction of the outstanding debt to the Director; (h) for the purposes of the collateral agreement, the determination of the yields of specified grains shall be (i) in those townships or partial townships that qualify for an award under the Prairie Farm Assistance Act , the yields by farm units as established under that Act, and (ii) in those townships or partial townships that do not qualify for an award under that Act, as established by evidence satisfactory to the Director; (i) where the Director is of opinion that the veteran has not delivered grain as agreed, is avoiding delivery or otherwise acting in bad faith in respect of the collateral agreement, the Director may cancel the collateral agreement; and (j) where a collateral agreement is cancelled by the Director, the terms and conditions of the principal agreements shall have effect as if (i) the collateral agreement had not been entered into, and (ii) every delivery made under the collateral agreement had been a paymen