FCC continues to support customers through pandemic’s fifth wave


While meals producers and processors throughout the nation face extra disruptions and uncertainty because of the pandemic’s fifth wave, Farm Credit Canada (FCC) is reminding customers that Canada’s main agriculture lender is right here to support them.

“Those concerned within the agriculture and meals trade are very resilient,” mentioned Michael Hoffort, FCC president and CEO. “Over the previous variety of months, we have now all seen how they’ve handled climate and provide chain points, not to mention managing through the twists and turns of the pandemic with the fifth wave creating further challenges for a few of our customers.”

From the onset of the pandemic and through the climate challenges of the previous yr, FCC has been providing mortgage cost deferrals and elevated credit score traces to help customers in navigating their scenario.

“If you’re a producer involved about having the money move required to plant your crop or feed your livestock, or you’re a meals processor feeling the impression of misplaced manufacturing due to a provide chain disruption, FCC is right here to support you,” Hoffort mentioned. “Customer support is a cornerstone of our enterprise and it’s difficult instances like these the place we can assist.”

FCC will work with customers to provide you with options for his or her operations on a case-by-case foundation, which can embrace principal cost deferrals and/or different mortgage cost schedule amendments to cut back monetary pressures these circumstances might create.

Customers whose operations have been impacted are inspired to contact their FCC relationship supervisor or the FCC Customer Service Centre at 1-888-332-3301 to talk about their particular person scenario and choices.

FCC is Canada’s main agriculture and meals lender, with a wholesome mortgage portfolio of greater than $41 billion. Our workers are devoted to the way forward for Canadian agriculture and meals. We present versatile, competitively priced financing, administration software program, information and data particularly designed for the agriculture and meals trade. As a self-sustaining Crown company, we offer an applicable return to our shareholder, and reinvest our income again into the trade and communities we serve.

Source : FCC