NewsIndustryMinister MacAulay Addresses Farm and Agriculture Industry Leaders at the Canadian Federation...

Minister MacAulay Addresses Farm and Agriculture Industry Leaders at the Canadian Federation of Agriculture Annual Meeting

-

Canada’s agriculture and food system is a leading producer of high-quality, safe products and a key driver of the country’s economic growth. The Government of Canada understands the importance of this sector in creating good, middle-class jobs, while growing the economy, and is committed to working with farmers, ranchers and processors to ensure its continued innovation, growth and prosperity.

Minister of Agriculture and Agri-Food Lawrence MacAulay delivered a keynote address at the Canadian Federation of Agriculture’s Annual General Meeting last week attended by Canada’s farm and agricultural industry leaders.  In his remarks, Minister MacAulay highlighted the Government of Canada’s strong agenda for agriculture, including growing trade, expanding markets, supporting innovation and sustainable growth.

“The Government of Canada understands the importance of the agriculture and agri-food sector and is committed to ensuring it remains an engine of growth for our economy.  By providing young farmers and processors with the tools and knowledge they need to succeed, we will continue to help build a strong, innovative sector, while strengthening our communities and growing the middle class,” he said.

Minister MacAulay also unveiled Farm Credit Canada’s new Starter Loan to help young borrowers involved in the agriculture sector access the financial capital and knowledge they need to start and grow their business.

The Starter Loan is intended to give young borrowers the independence and financial literacy skills they need, while establishing a solid credit history along the way. FCC’s Starter Loan is a catalyst for young borrowers to take that first step towards achieving their dreams in Canadian agriculture.  Loan funds can be used to finance the purchase of assets such as livestock, equipment, or an existing business.

“The FCC Starter Loan shows our commitment to supporting our customers throughout their lifetime. A young borrower may have the goal of starting a cattle herd or purchasing some quota. Another may take their entrepreneurial vision to the next level with a vertical farming system or decide to purchase their first piece of equipment. It’s a start to a lifetime of possibilities,” said Michael Hoffort, FCC president and CEO.

Quick Facts

  •  Canada’s agriculture and agri-food sector contributes over $114 billion to our gross domestic product.
  • The FCC Starter Loan of up to $50,000 is offered at preferential rates, with no fees and is available to both primary producers and agri-businesses, for applicants 18-25 years old.
  • Borrowers can contact their local FCC office for more information and to apply for an FCC Starter Loan.

 

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 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...
Ben Lemieux

Pulsemaster Expands Presence with First North American Hire

0
Dutch-German company Pulsemaster has expanded into North America hiring Ben Lemieux as their key account manager for the Americas, a Jan. 10 press release...
Cocktail of common scab on potatoes

Common Scab, a Problem without a Solution?

0
Common scab continues to cause concern for potato growers. Common scab, caused mainly by the seed and soil-borne bacterium Streptomyces scabies, continues to be a...