Mr. Speaker, the new farm debt mediation act will maintain the essential features of the old legislation including a stay of proceedings and a review and mediation process. At the same time it will avoid a good deal of overlap and duplication. It will streamline the administration of the whole program. It will provide a new appeal mechanism which was not provided for in the old law. It will provide farmers with flexibility to engage their own financial advisers rather than just taking those advisers that may
otherwise be imposed upon them. It will create a new proactive financial counselling service.
I am very pleased to say that the proposed legislation enjoys the very strong support of the Canadian Federation of Agriculture.