Farm Lending Canada (FLC) is set to expand its lending capacity after securing a new investment from Farm Credit Canada (FCC), a move aimed at improving access to capital for producers who may struggle to secure financing through traditional channels.
The investment forms part of FCC’s broader commitment to deploy $2 billion by 2030 to encourage innovation and strengthen Canada’s agriculture and food sector, said an FLC release Wednesday.
A key focus of that strategy is supporting farm transition and succession as aging producers look to transfer operations to the next generation while maintaining the viability of family farms.
FLC, founded in 2019, specializes in financing agricultural operations that fall outside conventional lending models. The company currently operates in nine provinces and has worked with more than 100 farm families since launching, with average loan sizes exceeding $2 million.
Company officials say the new capital will allow FLC to grow its loan portfolio and expand support for producers facing financial pressure from changing market conditions, rising costs and succession challenges. Beyond lending, FLC also works directly with borrowers to improve financial management and transition them back to traditional financing when possible.
FCC officials say partnerships with alternative lenders are becoming increasingly important as producers require more flexible financing solutions to manage expansion, transition, and changing business conditions.
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