FCC supports Western Canadian producers impacted by hot, dry weather
Farm Credit Canada (FCC) is offering a customer support program to farmers and ranchers across western Canada who are facing production challenges due to adverse growing conditions.
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Many parts of Western Canada haven’t received any significant rainfall through the spring and summer months. Extreme heat and dry weather have already reduced the potential yield of many crops. The unfavourable weather has also stifled pastures and hay production in many areas.
“We are watching the weather situation very closely and are talking to customers daily,” said Michael Hoffort, FCC President and CEO.
FCC will work with customers to come up with solutions for their operations and will consider additional short term credit options, deferral of principal payments and/or other loan payment schedule amendments to reduce financial pressures on those impacted by unfavourable weather.