NewsBusinessMcCain Partners with FCC for Financial Incentives for Sustainable Ag

McCain Partners with FCC for Financial Incentives for Sustainable Ag


McCain Foods is partnering with Farm Credit Canada (FCC) to offer financial incentives for potato growers to transition to more sustainable agricultural practices, a Nov. 1 news release said.

The initiative will give financial incentives to McCain potato growers who are at the onboarding level or higher on McCain’s Regenerative Agriculture Framework. The release noted it will use a combination of funds from FCC’s Sustainability Incentive Program and McCain to issue an annual incentive to farmers for the life of the program.

“We are proud to both reward McCain potato farmers who are leading the way on regenerative agriculture and reduce financial barriers for those who are starting their journey,” Daniel Metheringham, vice-president of agriculture at McCain, said in the release.

Through the Sustainability Incentive Program, FCC customers who are McCain suppliers will be eligible to receive an incentive payment for their farm sustainability efforts, the release said. The calculation is based on a portion of their total owing for eligible lending with FCC to a maximum payment of $2,000 a year. Growers will also receive free access to FCC AgExpert farm management software for a year, the release said.

McCain will match $2 for every dollar received from FCC for growers at the beginner level on the Regenerative Agriculture Framework. The release noted this incentive from McCain increases as farmers progress through the framework to the master and expert levels. The incentive offered at these levels is roughly equal to interest-free financing (assuming up to $400,000 at four per cent) to a maximum payment of $14,000 from McCain and $2,000 from FCC.

“The ability for expert and master regenerative farmers to receive a significant incentive reduces barriers to farm investment in an era of rising rates, increasing complexity, and escalating climate variability,” Matt Hemphill, executive director of New Brunswick Potatoes, said in the release.

Related Articles

McCain Releases Framework for Regen Ag Goals for Growers

McCain Releases Update on Regenerative Ag Promise

McCain, McDonald’s Partner on Regen Ag Funding for Growers

Trending This Week

Spudnik 8312 planter

Manitoba Potato Planting Nearing Finish Line

Almost 95 per cent of Manitoba's processing potato crop has been planted, the May 26 provincial potato report from Manitoba Agriculture’s Vikram Bisht said. Seed...
Person making a plan

Setting Goals in Cover Cropping — A Key to Success

Where are you going? How soon do you want to get there? These are questions we need to ask before we head out on...
Newly emerged rows of potatoes

It’s Go-time for Growing Season 2023 (But Don’t Forget Storage, Too)

Planting is on the horizon in some areas and in full swing in others! After a frustratingly cool and slow spring in most potato-growing...
Beer at bar

What About Sustainability in Storage?

I was having a beer with a potato farming buddy a couple nights ago and – as usual - we started talking shop: what’s...
Green potato field

How Do We Achieve Meaningful Sustainability?

It seems everyone is talking sustainability today. But, what does sustainability really mean in the context of today’s farming realities, and how do we...