Regina-based Farm Credit Canada is reporting a strong financial year to the end of March, with disbursements over 9 billion dollars to farmers and farm-related businesses.
FCC president Michael Hoffort says the vast majority of the 100 thousand clients are small to medium sized businesses, spanning a wide sector in farm production.
FCC had net income of 615 million dollars, which will be reinvested in new loans in agriculture.
A dividend of 90 million dollars was paid to the federal government.
Impaired loans fell 62 million dollars to 231 million, representing zero point eight per-cent of loans.
This past year the FCC loan portfolio grew by 1.3 billion dollars to 28.7 billion dollars.