Farmers in B.C., Alberta, Saskatchewan, and Manitoba facing financial troubles because of drought conditions, can get support from Farm Credit Canada. Senior Vice-President of Operations in the Prairie Region with FCC, Shannon Weatherall, says several options are available depending on a farmer’s needs. Deferral of principle payments and/or other loan payments are some supports FCC offers. […]
An incentive is being offered to Canadian dairy farmers looking to make their operation greener. Farm Credit Canada is offering up to $2-thousand through its Sustainability Incentive Program, with support from the Dairy Farmers of Canada and Lactanet, a farm organization that provides a variety of services for dairy farmers. FCC’s Director of Lending Products […]
The General Manager at SaskPork says it’s always unfortunate to hear of a hog barn closure anywhere in Canada. Mark Ferguson reacted to Olymel’s recent closures of sow units in Quebec, Alberta, and Saskatchewan. “It’s basically the result of extremely tight margins in the hog industry – both today and what’s gone on over the […]
Farm Credit Canada (FCC) is offering support to producers who are facing financial difficulties, including cash flow challenges due to higher-than-average input costs and elevated interest rates. FCC is offering an unsecured credit line up to $500-thousand with loan processing fees waived. Elan Rolufs, Senior District Director with FCC, says it’s available to any producer, […]
Demand has been high for used farm equipment over the last few years. And prices for used equipment has also been high. Farm Credit Canada noted in its 2023 outlook for farm equipment, released in November, that throughout 2021 and ’22, used equipment that was 4 or 5 years old was selling for prices “like […]
A Farm Credit Canada incentive program is now accepting applications. FCC’s Director of Sustainability Programs Curtis Grainger says the Sustainability Incentive Program, in partnership with the Canadian Roundtable for Sustainable Beef (CRSB) and McCain Foods, is open to eligible producers. Grainger explains there are two requirements to meet in order to participate: one is to […]
Regina-based Farm Credit Canada sees a brighter future for food and beverage processors in the last half of 2022. Chief economist J.P. Gervais says food processor profit margins have suffered due to rising costs. But he feels declining commodity prices will mean better incomes for food and beverage processors in the last half of the […]
Non-profit groups across rural Saskatchewan are eligible for new funding this year from Farm Credit Canada. FCC is offering 1.5 million dollars for capital projects in rural Canada. FCC manager of community investment, Carla Warnyca says the deadline to apply is April 29th. Winning projects will be announced in September. Project funding include food banks, […]
Regina-based Farm Credit Canada is reporting a strong financial performance in the past year despite the pandemic. FCC president Michael Hoffort says the FCC portfolio grew by 7.6 percent, surpassing 40 billion dollars. “And really a lot of wonders of what the year would hold, and as things unfolded, for sure, we did see increase […]
Farmland values in Saskatchewan jumped 5.4 percent in 2020, on par with the national average. Farm Credit Canada says farmland prices in Saskatchewan rose slower than B.C., Quebec and Alberta but remained strong and stable. FCC chief agricultural economist, J.P. Gervais, says farmland values rose in Saskatchewan due to strong grain markets and low interest […]
