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Tag Archives Loans

General, Machinery & Shop, Weather

CEBA expanded to farms, other ‘owner-operated’ businesses

Program offers zero-interest, partly-forgivable loans

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Farms and other “owner-operated” businesses with little or no payroll may soon be able to get in on a federal program offering zero-interest loans to businesses up against pandemic-related drops in revenue. Prime Minister Justin Trudeau on Tuesday announced an expansion of eligibility under the Canada Emergency Business Account (CEBA) to also include “sole proprietors […] Read more
General, Weather

Quebec ag lender offers break on loan payments

Crop insurance enrolment deadline also postponed

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Quebec’s provincial farm lending agency is set to offer a six-month moratorium on loan repayments to any customers who ask for one, against what it describes as a “crisis” for the ag sector. La Financiere agricole du Quebec (FADQ) said Saturday the six-month stay would help lighten the obligations for farm businesses, providing them liquidity […] Read more
General, Markets

Cash advance repayment deadlines extended

FCC gets added capital to boost lending capacity

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Canadian farmers who have repayment deadlines coming up on their cash advances between now and the end of April will get extra time to repay those loans. The federal government on Monday announced a stay of default on loans coming due on or before April 30 under the Advance Payments Program (APP), among other measures […] Read more
General, Weather

FCC to offer flexibility in hurricane-battered areas

By
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
General, Reuters

USDA to reopen all farm agency offices

By
Washington | Reuters — The U.S. Department of Agriculture said Tuesday it will reopen all Farm Service Agency offices on Thursday to offer services to farmers and ranchers during the partial government shutdown. Some Farm Service Agency (FSA) offices had been providing limited services since Jan. 17, but the move means all of the agency’s […] Read more
The Feeder Association Loan Guarantee Program, which dates back more than eight decades, is a major source of capital for cow-calf producers 
in the province.
Livestock, News

Maximums for loan guarantee program doubled

Feeder association members can get up to $2 million from loan guarantee program to finance calf crop

By
Reading Time: < 1 minute The maximum loan limit for the provincial Feeder Association Loan Guarantee Program has been doubled to $2 million. The increase, which applies to both individual and joint membership loan limits, will allow feeder associations to distribute their fixed costs across a greater number of livestock and provide increased access to capital. The provincial government is […] Read more
News

Provincial lender triples its loan maximums for farmers

In addition to the new $15-million limit, 
the Crown corporation is making terms 
more flexible

By
Reading Time: 2 minutes The Agricultural Financial Services Corporation is upping the amount of money it will loan producers. The move comes after a two-year review that included public consultation and meetings with producers and industry groups. “The review found that there is strong need for AFSC’s financial support across Alberta aimed at encouraging rural development and meeting the […] Read more

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