BusinessMaritimes Potato Growers Impacted By Adverse Weather Offered Support

Maritimes Potato Growers Impacted By Adverse Weather Offered Support

-

Farm Credit Canada (FCC) is offering support to customers in Prince Edward Island and New Brunswick whose potato crops were impacted by an unusually wet, cold fall, causing a loss in revenue.

Potatoes need to be dry and not too cold to be harvested without the risk of damage, and there were very few days in October and November where conditions were right. This followed an extremely challenging growing season, mired by a cold spring that delayed planting, a flash frost that forced many producers to reseed and a hot, dry summer. As a result, many potato growers experienced increased costs and lost a large portion of this year’s crop.

“I can only imagine the frustration that many potato growers felt as they watched their crops deteriorate in the field,” said Michael Hoffort, FCC president and CEO. “We want those impacted to know we will help them through any financial hardship this adverse weather has created.”

Although FCC customer support is being offered in specific locations, the agriculture lender offers flexibility to all customers through challenging business cycles and unpredictable circumstances on a case-by-case basis.

“As a former potato grower, I know first-hand how much the weather can affect not only short-term revenue, but also the financing to put next year’s crop in the ground,” said Lawrence MacAulay, Minister of Agriculture and Agri-Food. “That’s why it’s important to have FCC as a strong and stable partner that understands the sometimes unpredictable and cyclical nature of farming.”

FCC will work with customers to come up with solutions for their operation and will consider deferral of principal payments and/or other loan payment schedule amendments to reduce the financial pressure on producers impacted by adverse weather during this year’s growing season and harvest.

PEI and New Brunswick customers are encouraged to contact their FCC relationship manager or the FCC Customer Service Centre at 1-888-332-3301 to discuss their individual situation and options.

Source: FCC

Trending This Week

Soil Moisture Tensiometer

Tips to Reduce Heat Stress on Potatoes

0
How to save your potato crop when hot temperatures happen. As a consequence of climate change, Ontario has been experiencing summer temperatures that exceed what’s...
Centre pivot in P.E.I.

P.E.I. Potato Board Calls on Feds to Listen to International Experts Report

0
The Prince Edward Island Potato Board is calling on the federal government to listen to the findings from an international panel of experts who...
Potatoes in storage

The North American Potato Market is Out of Sync

0
The North American potato market isn’t in a regular cycle, which leaves questions for future production plans. With lingering pandemic effects, the Russian invasion of...
Rubbery rot warts

A New Disease Called Rubbery Rot is Lurking in Potato Storages

A new potato disease called rubbery rot is popping up in potato storages across North America. Kasia Duellman is used to growers’ bringing in diseased...
Potatoes New Brunswick logo

Potatoes New Brunswick Announces 2022 Conference Program

0
The New Brunswick Potato Conference and Trade Show will feature sessions on precision agriculture, diseases and economics, a Jan. 20 website post said. The...