Farm Credit Canada Announces Program Expansion To Help Agribusinesses

REGINA — As conflict in the Middle East heightens concerns about the rising cost of inputs, Farm Credit Canada (FCC) is expanding its Trade Disruption Customer Support Program to try and help agribusinesses, farm operators and food processors affected by rising fertilizer costs and energy prices.

“When global tensions rise, producers are often left wondering how it might affect the inputs they rely on,” said Justine Hendricks, president and CEO at FCC. “While we cannot control those events, we can ensure producers have the financial flexibility and support they need to navigate uncertainty. FCC is ready to help producers keep their operations moving forward.”

Originally introduced in response to trade tariffs affecting Canadian agriculture, this FCC program will now also reportedly offer support to help producers and agribusinesses manage financial pressures caused by unexpected market shocks.

Through the Trade Disruption Customer Support Program, FCC 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 says it will continue to work with industry partners to try and ensure that Canadian agriculture and food businesses can navigate changing market conditions and keep the industry moving forward despite uncertainty.