Reading Time: < 1 minute Understanding how a lender evaluates your application can help you be successful when applying for financing. To help with this, Alberta Agriculture and Forestry has a new fact sheet entitled Get the Loan You Need. “This information will help give business owners an edge in securing the financing they need to develop their business,” said […] Read more
Tips on securing business financing
FCC expands loan program for young farmers
Reading Time: < 1 minute Farm Credit Canada is expanding its loan program for young farmers by $500 million. FCC launched the program four years ago and had nearly 6,000 loans totalling more than $1.3 billion as of Dec. 31, 2015. The Young Farmer Loan program provides qualified producers, under age 40, with loans of up to $500,000 to purchase […] Read more
Brazil court probing state-backed loans to JBS
Sao Paulo | Reuters — Brazil’s federal accounts court, the TCU, said it had identified irregularities on loans to JBS SA, the world’s largest beef producer, and is deepening an investigation into the company’s relationship with state-run lender BNDES. The TCU is probing loans used to purchase U.S.-companies Swift and Co, for about US$225 million […] Read more
When margins are tight, you need to know where you stand
Calculating your current ratio will tell you if you’re in good shape — or if trouble is heading your way
Reading Time: 2 minutes Commodity prices and the weather have been volatile and expenses are trending upwards because of a weaker Canadian dollar — so now is a good time to review your marketing plan. “If you aren’t paying attention to your marketing plan or don’t have one, you may find yourself with a reduced margin,” said provincial financial […] Read more
FCC to offer breaks on loans in Sask., Alta.
Customers of Farm Credit Canada in parched areas of Alberta and Saskatchewan may be able to get breaks on their outstanding loan payments. FCC on Monday announced it would work with affected customers on “solutions for their operation(s)” such as deferral of principal payments and/or otherwise amending their loan payment schedules. The offer applies to […] Read more
FCC, BMO offer breaks on loans to poultry farmers
Poultry producers up against direct impacts from avian influenza outbreaks at farms in British Columbia’s Fraser Valley may be able to get breaks on their outstanding loans with some lenders. Farm Credit Canada (FCC) and BMO Bank of Montreal both recently announced they may grant affected customers some leeway on payments. FCC said it “will […] Read more
Cyber-Savvy Farmer
