Reading Time: < 1 minute Farm Credit Canada (FCC) says it wants to help farm customers “who are facing financial setbacks due to circumstances beyond their control.” Michael Hoffort, the ag lender’s president and CEO, said FCC “will work with our customers to find solutions to any short-term financial pressure that might be weighing them down.” Many producers were unable […] Read more
Farm lender to help financially stressed farmers
Big support seen for 2019 food bank campaign
Reading Time: < 1 minute Enough food was donated during Farm Credit Canada’s Drive Away Hunger campaign to provide more than 16 million meals for rural food banks. During the campaign, held in October and now in its 16th year, FCC teams drive tractors through various communities to collect food and donations. “The annual food drive goes a long way […] Read more
The need keeps growing for rural Alberta food banks
Reading Time: 3 minutes Times have been tough in Alberta, and that’s been obvious to volunteers at the Mayerthorpe Food Bank. There are just over 500 homes in the town but in many, it’s a struggle to put food on the table. “We serve about an average of 14 families a week,” said Tammy-Lee Gilroy, the food bank’s administrator. […] Read more
Liberals pledge revamp of federal farm lender
The federal Liberals’ platform heading into the Oct. 21 election calls for an “expanded and enhanced” role for Farm Credit Canada in supporting the country’s agriculture and agrifood sectors. Platform documents released Sunday last week (Sept. 29) call for the merger of several existing federal financial and advisory services — which the Liberals said are […] Read more
FCC to offer flexibility in hurricane-battered areas
Farm Credit Canada says it plans to help its farmer clients in Atlantic Canada work around financial pressures following Hurricane Dorian’s passage through the region over the weekend. “We won’t know the full extent of damage for some time, but we’ve already heard that some customers will likely be facing some financial hardship as a […] Read more
Event offers chance to get up close to leading-edge ag tech
Olds College offering hands-on demos and displays of the ‘latest and greatest’ in advanced technology
Reading Time: 3 minutes Ag technology is advancing faster than ever before — but farmers still aren’t always sure how to make these innovations work on their own operations. “Technology is such a huge component of agriculture going into the future. It’s making agriculture more sustainable, more productive and more profitable,” said Joy Agnew, director of applied research at […] Read more
Struggling with cash flow? Take a second look at these farm lending programs
Giving yourself some financial breathing room can make your operation stronger — and reduce your stress
Reading Time: 5 minutes Hammered by dry weather and trade upheaval, many Alberta producers are struggling with cash flow. And more will be in the months ahead. But there is help out there. “It’s important for producers to know that there are more options out there than they may realize,” said Don Anderson, Farm Credit Canada’s senior vice-president of […] Read more
Drive Away Hunger campaign underway
Reading Time: < 1 minute Donations of cash and food are now being accepted at Farm Credit Canada offices for this year’s Drive Away Hunger campaign. The initiative supports meal programs in 100 schools across the country and since its inception, has provided more than 50 million meals. According to Food Banks Canada, more than four million Canadians — both […] 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
China, drought, debt shake Canadian farm finances
Winnipeg/Ottawa | Reuters — For years, the financial stability of Canadian farmers was the envy of their U.S. counterparts, but rising costs, drought and a dispute with China have weakened their bottom lines. Net incomes plunged last year, and that setback was followed in March by China’s halting purchases of canola, Canada’s biggest crop. Now […] Read more
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