Ag corporation refused funding
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Aboriginal farmers may be harvesting only dreams this year as the Manitoba Indian Agriculture Development Corporation hits financial bottom.
Until MIADC clears its debts, the Aboriginal Capital Corporation, and the Department of Indian Affairs will withhold funding that goes toward providing operating loans to more than 150 grain, cattle, and wild rice farmers in the province.
A series of investments gone sour left the loans company without funds for its clients, who have since withdrawn their support for the board.
