(SkyNewswire.com)--- SWIFT CURRENT, SASKATCHEWAN-- The Government of Canada continues to stand up for farmers and ranchers by providing up to $9 million in financial assistance to farmers in Southwest Saskatchewan affected by years of drought. The announcement was made today by David Anderson, Member of Parliament for Cypress Hills-Grasslands, on behalf of the federal Agriculture Minister Gerry Ritz.

"The Government of Canada promised to bring in stable and reliable farm programs and we delivered," said MP Anderson. "We developed and put in place programs like this one that delivers the support farmers need when they need it."

In fact, just as with a residential mortgage, the lender will retain an interest in the commercial property until such time as the capital plus interest accrued has been repaid in full. In the event of a default and where no suitable alternative to refinancing can be found, the lender can foreclose on the loan in order to liquidise the asset and realise the amount owed on the outstanding commercial mortgage.