While food producers and processors across the country face more disruptions and uncertainty as a result of the pandemic’s fifth wave, Farm Credit Canada (FCC) is reminding customers that Canada’s leading agriculture lender is here to support them.
“Those involved in the agriculture and food industry are very resilient,” said Michael Hoffort, FCC president and CEO. “Over the past number of months, we have all seen how they have dealt with weather and supply chain issues, let alone managing through the twists and turns of the pandemic with the fifth wave creating additional challenges for some of our customers.”
From the onset of the pandemic and through the weather challenges of the past year, FCC has been offering loan payment deferrals and increased credit lines to assist customers in navigating their situation.
“If you are a producer concerned about having the cash flow required to plant your crop or feed your livestock, or you are a food processor feeling the impact of lost production due to a supply chain disruption, FCC is here to support you,” Hoffort said. “Customer support is a cornerstone of our business and it’s challenging times like these where we can help.”
FCC will work with customers to come up with solutions for their operations on a case-by-case basis, which may include principal payment deferrals and/or other loan payment schedule amendments to reduce financial pressures these circumstances may create.
Customers whose operations have been impacted are encouraged to contact their FCC relationship manager or the FCC Customer Service Centre at 1-888-332-3301 to discuss their individual situation and options.
FCC is Canada’s leading agriculture and food lender, with a healthy loan portfolio of more than $41 billion. Our employees are dedicated to the future of Canadian agriculture and food. We provide flexible, competitively priced financing, management software, information and knowledge specifically designed for the agriculture and food industry. As a self-sustaining Crown corporation, we provide an appropriate return to our shareholder, and reinvest our profits back into the industry and communities we serve.
Source : FCC