FCC Supports Maple Syrup Producers Impacted by Adverse Weather

May 04, 2021

Farm Credit Canada (FCC) is offering support to customers in parts of the Maritime provinces and Quebec who could be facing financial hardship as a result of reduced maple syrup yields this year.

New Brunswick, Nova Scotia and Quebec maples syrup producers may have cash flow problems due to reduced production and price. The short, warm spring cut the volume of sap and there was less sugar in the water, reducing the quality of syrup as well as prices received by producers.

“We have been monitoring this situation closely and understand the challenges that come with the business,” said Sophie Perreault, FCC executive vice-president and chief operating officer, in announcing the customer support program. “This year’s unusually low maple syrup production in parts of the Maritimes and Quebec has certainly been difficult for many producers, and we are ready to step up and support customers in need.”

The overall maple syrup production this season is estimated to be around 75 per cent of the historical average yields. Some producers are experiencing half their normal production while others are near normal. The situation varies from region to region.

FCC will work with customers to come up with solutions for their operations and will consider deferral of principal payments and/or other loan payment schedule amendments to reduce financial pressures on producers impacted by unfavourable weather.

Customers in the Maritime provinces and Quebec are encouraged to contact their FCC relationship manager, their local office or the FCC Customer Service Centre at 1-888-332-3301 to discuss their individual situation and options.

FCC is Canada’s leading agriculture and food lender, with a healthy loan portfolio of more than $41 billion. Our employees are dedicated to the future of Canadian agriculture and food. We provide flexible, competitively priced financing, management software, information and knowledge specifically designed for the agriculture and food industry. As a self-sustaining Crown corporation, we provide an appropriate return to our shareholder, and reinvest our profits back into the industry and communities we serve. For more information, visit fcc.ca.

Source : FCC

Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.