GFM Network News


BMO regroups ag banking business

Ag-focused national banking team put in place

With COVID-19 serving to “accelerate” changes in the industry, BMO Bank of Montreal says it has reset its farm banking work under the oversight of an expanded national agriculture and agribusiness banking team. BMO announced the new team approach Oct. 14, describing it as “a national team of agriculture banking specialists — team members with […] Read more

Court approval sought for Morris Industries sale

Rite Way deal the 'highest and best offer received'

The court overseeing creditor protection for seeding equipment maker Morris Industries is being asked to approve a deal for the company’s sale to another Saskatchewan manufacturer. Calgary consultancy Alvarez and Marsal, the court-appointed monitor for Morris, said Tuesday in its latest report to Court of Queen’s Bench in Saskatoon it recommends approval of a sale […] Read more



Flexibility available for farmers on FCC loan payments

Farm Credit Canada says it remains willing to work around the various forces majeures standing between its farmer clients and their cash flows this year. The Crown lending agency reiterated Monday it will work with customers “to come up with solutions for their operations on a case-by-case basis” in view of this spring’s weather worries […] Read more


BMO offers relief for farmers

BMO is offering a “financial relief program” for farmers in Western Canada. The program will allow qualifying clients to defer principal payments for a year and temporarily increase their operating loan. The bank is also offering to waive or reduce fees “for applicants impacted by cash flow shortages as a result of the recent price […] Read more