FCC ready to sup­port cus­tomers through un­cer­tain times

The Southwest Booster - - RANCH9 - FARM CREDIT CANADA

With weather and trade chal­lenges im­pact­ing pro­duc­ers across the coun­try, Farm Credit Canada (FCC) is re­mind­ing cus­tomers that Canada’s lead­ing agri­cul­ture lender is here to sup­port them through these un­cer­tain times.

“Ev­ery year has its fair share of op­por­tu­ni­ties and chal­lenges,” said Michael Hof­fort, FCC pres­i­dent and CEO. “While Cana­dian pro­duc­ers are among the most re­silient in the world, this grow­ing sea­son has pre­sented some ex­cep­tion­ally chal­leng­ing cir­cum­stances for our cus­tomers. In some ar­eas of the coun­try it was too wet to fin­ish plant­ing, while in other ar­eas the dry con­di­tions are lim­it­ing crops and pas­tures”

“Our cus­tomers work hard through­out the year to pro­duce high-qual­ity food for con­sumers at home and abroad, so they de­serve our sup­port when faced with ad­ver­sity and un­cer­tainty due to cir­cum­stances be­yond their con­trol,” he said. “We want them to know we will work with them to find so­lu­tions to any short-term fi­nan­cial pres­sure so they can fo­cus on their op­er­a­tions.”

Ad­verse weather dis­rupted farm op­er­a­tions in many parts of the coun­try last year and this spring. In ad­di­tion, trade dis­rup­tions have re­duced ac­cess to some in­ter­na­tional mar­kets, caus­ing com­mod­ity price fluc­tu­a­tions and ad­di­tional con­cern among pro­duc­ers.

“Trade ten­sions and the re­sult­ing mar­ket volatil­ity have an over­all detri­men­tal im­pact on the world econ­omy and can also be harm­ful to in­di­vid­ual pro­duc­ers caught in the mid­dle,” said J.P. Ger­vais, FCC’S chief agri­cul­tural econ­o­mist.

FCC will work with cus­tomers to come up with so­lu­tions for their op­er­a­tions on a caseby-case ba­sis and will con­sider de­fer­ral of prin­ci­pal pay­ments and/or other loan pay­ment sched­ule amend­ments to re­duce the fi­nan­cial pres­sure these pro­nounced cir­cum­stances may cre­ate.

“FCC’S sup­port for cus­tomers is a reg­u­lar part of our busi­ness and we’re mon­i­tor­ing sit­u­a­tions in var­i­ous parts of the coun­try and within cer­tain sec­tors to en­sure our cus­tomers are able to man­age through these chal­leng­ing times,” Hof­fort said.

Cus­tomers fac­ing fi­nan­cial pres­sure are en­cour­aged to con­tact their FCC re­la­tion­ship man­ager or the FCC Cus­tomer Ser­vice Cen­tre at 1-888-3323301 to dis­cuss their in­di­vid­ual sit­u­a­tion and op­tions.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.