Farm Credit Canada expands support program to help farmers manage rising input costs

Farm Credit Canada (FCC) is expanding its Trade Disruption Customer Support Program to help agribusinesses, farm operators and food processors affected by rising fertilizer costs and energy prices.

Justine Hendricks, president and CEO of FCC:

"When global tensions rise, producers are often left wondering how it might affect the inputs they rely on. While we cannot control those events, we can ensure producers have the financial flexibility and support they need to navigate uncertainty. FCC is ready to help producers keep their operations moving forward."

Program expansion amid rising input costs

Originally introduced in response to trade tariffs affecting Canadian agriculture, this FCC program will now also offer support to help producers and agribusinesses manage financial pressures caused by unexpected market shocks.

Global urea prices have already risen amid concerns about potential supply disruptions from a region that plays a major role in global nitrogen fertilizer exports.
 

Financial support measures

Through the Trade Disruption Customer Support Program, FCC offers relief for existing customers and new clients who meet lending criteria. The program offerings include access to an additional credit line of up to USD 500,000, new term loans, and the option for existing FCC customers to defer principal payments for up to 12 months on existing loans.

FCC will continue to work with industry partners to ensure that Canadian agriculture and food businesses can navigate changing market conditions and keep the industry moving forward despite uncertainty.

Customers and non-customers who are interested in finding out more may contact their local FCC office or call 1-800-387-3232 to discuss their individual situation. Lending due diligence will be carried out on all applications.