Farm Credit Canada (FCC) is offering support to customers in parts of eastern Ontario and western Quebec facing financial hardship as a result of excessive moisture during this year’s growing season.
Many producers in that area are facing a cash shortfall since they were unable to seed or were forced to replant due to extreme rainfall, while others face additional costs from having to purchase feed as a result of reduced yields of corn, soybeans and hay.
“Agriculture is the only industry we serve, so we have a deep understanding of the challenges that come with the business,” said Michael Hoffort, FCC president and CEO, in announcing the Customer Support Program.
“Excessive rainfall has certainly impacted the growing season in parts of Eastern Canada and, in some cases, caused financial challenges for farm operations, as well as personal hardship and stress,” he said. “We want our customers to know we stand by them and will show flexibility to help them through challenging times.”
FCC will work with customers to come up with solutions for their operation to reduce the financial pressure caused by excessive moisture.
Although FCC customer support is being offered in specific locations, Canada’s leading agriculture lender offers flexibility to all customers through challenging business cycles and unpredictable circumstances on a case-by-case basis.
Customers in Ontario and western Quebec are encouraged to contact their FCC relationship manager or the FCC Customer Service Centre at 1-888-332-3301 to discuss their individual situation and options.
FCC is Canada’s leading agriculture lender, with a healthy loan portfolio of more than $31 billion. Our employees are dedicated to the future of Canadian agriculture and its role in feeding an ever-growing world. We provide flexible, competitively priced financing, management software, information and knowledge specifically designed for the agriculture and agri-food industry. Our profits are reinvested back into agriculture and the communities where our customers and employees live and work
Source: FCC