Rain in Alberta and Saskatchewan continues to cause headaches for producers
By Diego Flammini
Assistant Editor, North American Content
Farms.com
Farm Credit Canada (FCC) says it’s considering deferring principal loan payments for farmers in Western Canada who are battling soggy conditions.
FCC said it will assess cases on an individual basis to help producers come up with viable solutions, including loan payment schedule amendments.
"This year's wet weather in parts of Alberta, Saskatchewan and Manitoba has certainly been challenging for many farmers whose crops have been affected by excessive moisture," FCC president and CEO Michael Hoffort said in a statement. “We want to assure them that we understand their situation and will help them through any financial hardship this has created.
“FCC is the only financial institution entirely dedicated to agriculture – we stand by our customers throughout all business cycles.”
But it seems that Mother Nature is prepared to offer her own relief to farmers in Saskatchewan.
According to David Phillips, senior climatologist for Environment Canada, parts of Saskatchewan could see sunshine and double-digit temperatures in early November.
Phillips called the weather a “million-dollar forecast” for producers, according to CKOM. He warned, however, that in his experience, weather changes the greatest between October and November.