Mr. Danny Foster at the Agriculture and Agri-Food Committee

On December 5th, 2007. See this statement in context.

December 5th, 2007 / 5:15 p.m.

Director General, Business Risk Management Program Development, Farm Financial Programs Branch, Department of Agriculture and Agri-Food

Danny Foster

Especially with the AgriInvest program, we want to be in a position that in a year's time it will be delivered primarily through the financial institutions. We're going to need a year of transition in which we will deliver the program, but we're working and negotiating with the financial institutions today to actually see those accounts administered through the financial institutions. A lot of that cost will be borne by the financial institutions holding the AgriInvest accounts.

Historically, in terms of our cost administration, we have probably been in the 5% to 7% range of total dollars.

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