Farm Credit Canada is offering farmers no-fees credit of up to
$500,000 to help weather current economic conditions.
The offer comes with no security or fees required.
FCC said it’s making the offer to both new and existing
customers who are “experiencing financial difficulties, including cash flow
challenges, due to higher-than-average input costs and elevated interest
rates.”
Cost pressures in the “current economic environment” are
difficult to pass on, FCC said , and “so
there are “tough financial circumstances for some operations.”
“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,” said
Sophie Perreault, FCC’s chief operating officer.
