Loans Archives | Alberta Farmer Express

Federal Finance Minister Chrystia Freeland appears at a news conference in Ottawa on Sept. 24, 2020. (Photo: Reuters/Blair Gable)

More farmers expected to benefit from new CEBA eligibility expansion

Businesses operating via personal accounts to now be eligible

The latest tweak to the Canada Emergency Business Account (CEBA) pandemic aid program is expected to allow farmers who run their business via personal bank accounts to seek CEBA loans. Federal Finance Minister Chrystia Freeland announced Monday that “as early as” Oct. 26, CEBA will be available to businesses which until now have been operating […] Read more

Ag Minister Marie-Claude Bibeau speaks at Cigi in Winnipeg on March 13, 2019. (Dave Bedard photo)

General, Machinery & Shop, Weather

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

Program offers zero-interest, partly-forgivable loans

By Dave Bedard, GFM Network News May 20, 2020

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

By GFM Staff, GFM Network News March 24, 2020

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

(Photo courtesy Canola Council of Canada)

General, Markets

Cash advance repayment deadlines extended

FCC gets added capital to boost lending capacity

By GFM Staff, GFM Network News March 23, 2020

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

P.E.I. Premier Dennis King speaks Sept. 9, 2019 during an update on effects from Hurricane Dorian. (PrinceEdwardIsland.ca)

General, Weather

FCC to offer flexibility in hurricane-battered areas

By GFM Staff September 9, 2019

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

USDA’s main home page on Jan. 11, 2019. (GFM Staff photo)

General, Reuters

USDA to reopen all farm agency offices

By Reuters January 22, 2019

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 Alberta Agriculture and Forestry January 7, 2019

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

File photo of a northern Illinois farmstead. (KSchulze/iStock/Getty Images)

Crops, Reuters

As loans and aid dry up, U.S. farmers face fresh challenge from shutdown

By P.j. Huffstutter January 3, 2019

Chicago | Reuters — U.S. farmers, already battered by the U.S.-China trade war, are facing increasing anxiety as the partial government shutdown nears the two-week mark, leaving crucial aid and loan payments in limbo. The shutdown has blocked assistance for many farmers, who at this time of year apply for federal loans as they pay […] 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 Alexis Kienlen October 23, 2018

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

General, Reuters

Canada to U.S.: Explain that farm spending war chest

By P.j. Huffstutter, Tom Miles June 1, 2018

Chicago/Geneva | Reuters — Canada wants the United States to explain why its lawmakers have made an additional $30 billion available to support U.S. farmers hit by trade woes, and how Washington might distribute the money, according to a document published by the World Trade Organization on Thursday. The questions come amid growing trade tensions […] Read more

B.C. again waives ag income threshold for farm properties

Flea beetles a nuisance for canola crop

Businesses, U.S. legislators fume as Canada extends travel ban

GFM Network News