NewsBusinessFCC to Offer Flexibility to Manitoba Producers Affected by Soggy Spring

FCC to Offer Flexibility to Manitoba Producers Affected by Soggy Spring

-

Farm Credit Canada (FCC) will offer Manitoba producers affected by the wet spring planting conditions flexibility on payment options, a May 25 news release said.

“Widespread flooding along the Red River, combined with heavy rain that recently blanketed parts of western Manitoba, has not only forced the evacuation of some communities, but has also disrupted some farm operations during this critical planting season,” Shannon Weatherall, senior vice-president of FCC’s Prairie operations, said in the release. “We want to assure customers who find themselves financially vulnerable as a result of these circumstances that FCC will work with them to explore all options for addressing any short-term cash flow problems.”

The release said FCC will consider short-term credit options, deferral of principal payments and/or other loan payment schedule amendments to reduce the financial pressures on producers affected by the flooding. The Crown corporation will also offer flexibility and a combination of options based on the individual needs of its customers, since each farm financial situation is unique.

Customers affected by flooding are encouraged to contact their FCC relationship manager or the FCC Customer Service Centre at (888)332-3301 as soon as possible to discuss their individual situation and options, the release said.

Related Articles

Manitoba Potato Planting Delayed Due to Rainy Spring

Storms Slow North American Fresh Potato Crop Development

Moderate La Nina Means Wetter Growing Season for Parts of Canada

Trending This Week

Harvest New Variety Insights at Trials and Conferences

0
I’ve been thinking how daunting it can be for growers to select potato varieties to grow in the next season. With hundreds of varieties already...

“Functional Sustainability” Concept Catching on at World Potato Conference

Sustainability is an important goal but if the ways we pursue it aren’t practical and economically viable in a real-world farm context, the sustainability...

Bin Prep Now

When I’m sharing a coffee or a beer with producers at events through December, January, February, we’re all full of plans for the season...

Big Business from Little Potatoes

0
What makes the Little Potato Company concept work and, more importantly, what can the rest of the potato industry take from their success? Spud...

Eye on the Nation: New Brunswick

0
After a very difficult year in 2023, growers in New Brunswick are optimistic for the 2024 crop year. Planting conditions were ideal this spring and...