GFM Network News

Producers need to stop robbing Peter to pay Paul, says Merle Good.

Farm debt at record highs — but top lender not worried

While FCC says most farmers can handle their debt load, 
financial expert Merle Good says some are ‘robbing Peter to pay Paul’

Reading Time: 4 minutes Farm debt has hit a record high, bringing back some unpleasant memories of the 1980s debt crisis. But we’re not there yet, said farm business expert Merle Good. “In 1980, we had huge inflation and huge interest rates,” said Good, a longtime tax specialist with the provincial government who now runs a private consulting business. […] Read more

FCC expands loan program for young farmers

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