FCC is lending $1B to support agriculture and food industry amid tariffs

Farm Credit Canada (FCC) is providing $1 billion in new lending to support the Canadian agriculture and food industry in response to U.S. tariffs.

“There is no relationship in the world like the one Canada shares with the United States,” said Lawrence MacAulay, federal minister of agriculture and agri-food. “Building on our Team Canada response, FCC will be providing financial support to the sector as we adapt to the challenges ahead.”

Justine Hendricks, FCC president and CEO, said that the organization will focus on addressing cash flow challenges and adjusting to new trade conditions.

Through the Trade Disruption Customer Support program, FCC will offer eligible businesses an additional credit line of up to $500,000 and new term loans. Existing customers may defer principal payments for up to 12 months.

“Supporting the industry will also take strong collaboration as part of a team Canada approach,” said Hendricks. “FCC has served as a strong, reliable, and trusted industry presence for more than 65 years, and this current situation is no different. We will be working in partnership with industry associations and other financial providers to offer the solutions needed by the agriculture and food industry to take on the challenges ahead.”

“Canadian agriculture and food businesses supply high value and quality products to U.S. buyers and a positive trade relationship benefits both countries,” said J.P. Gervais, FCC chief economist. “Despite this latest challenge, FCC will continue to provide capital solutions and be a catalyst for value creation to advance Canada’s leadership in agriculture and food production.”

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