Farm Credit Canada's Senior Vice President of Western Operations says calling 2019 challenge for farmers is an understatement.
Don Anderson says this challenging year for farmers builds on obstacles farmers across the prairies have faced from poor growing conditions, pasture conditions and prolonged harvests in the recent years.
He says it really starts to add up, where they've seen negative impacts on overall profitability.
The FCC says in many parts of the Prairies, snow has blanketed the fields, making it almost impossible to pick up crops that have been swathed or left standing..
They say the difficult conditions followed weeks of persistent rain with short sunny breaks that caused many crops to sprout, significantly reducing the quality and the producer’s return on investment.
Farm Credit Canada is encouraging their customers not to wait to sit down at their local office.
"Let's look at all available options," Anderson said. "You may be looking at a simple deferral on some payments, to a full on debt restructure with, you know, working capital injection. You don't know until you really can get under the hood in many ways and start to explore what's really happening."
Anderson says they've had a number of discussions with people concerned about upcoming payments.
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