In light of continued global trade disruptions, including new tariffs affecting Canadian canola seed, Farm Credit Canada (FCC) is reiterating its support for agribusinesses, farm operations and food processors through its Trade Disruption Customer Support program.
"The agriculture and food industry is resilient, but global trade uncertainty can create real pressure on cash flow and operations," said Justine Hendricks, President and CEO at FCC. "Our role is to ensure our customers, and the broader industry, have access to the capital and flexibility they need to adapt, stay competitive and keep delivering high-quality products to markets at home and abroad."
The program offers relief for existing customers and new clients who meet lending criteria. The program offerings include access to an additional credit line of up to $500,000, new term loans, and the option for existing FCC customers to defer principal payments for up to 12 months on existing loans.
FCC will continue to work with industry partners to ensure that Canadian agriculture and food businesses can navigate changing market conditions and keep the industry moving forward despite uncertainty.
Customers and non-customers are encouraged to contact their local FCC office or call 1-800-387-3232 to discuss their individual situation. Lending due diligence will be carried out on all applications.
About FCC
FCC is proud to be 100 per cent invested in Canadian agriculture and food. The organization’s employees are committed to the long-standing success of those who produce and process Canadian food. FCC provides flexible financing and capital solutions, while creating value through data, knowledge, relationships and expertise. FCC offers a complement of financial and non-financial products and services designed to support the complex and evolving needs of the industry. As a commercial Crown corporation, FCC is a stable partner that reinvests profits back into the industry and communities it serves. For more information, visit fcc.ca.
