FCC Offering $500,000 Credit Line to Farmers

Farm Credit Canada (FCC) is offering an unsecured credit line up to $500,000 with loan processing fees waived to help producers, agribusinesses and agri-food operations with their immediate cash flow needs, a May 23 news release said.

“As a lender solely dedicated to the agriculture and food industry, we understand how this period of elevated costs has put pressure on some customers,” Sophie Perreault, FCC chief operating officer, said in the release. “While the current experiences of individual operations within the different agriculture and food sectors are varied, we hope those who identify with these challenges will use this credit line as an opportunity to work through their current position and build back stronger than before.”

The release noted that viable operations that have been significantly affected by the current economic environment are encouraged to reach out to FCC for support.