REGINA, SK – On March 7, 2025, Farm Credit Canada announced a significant initiative to support the Canadian agriculture and food sectors. As the U.S. imposes new tariffs, FCC is stepping in with $1 billion in new lending to help ease financial pressures on farmers and food producers.
Lawrence MacAulay, the Minister of Agriculture and Agri-Food, emphasized the strong ties between Canada and the U.S., particularly in agriculture. He mentioned that the integration of supply chains is crucial and that unfair tariffs could hurt local producers. He noted that FCC’s support aims to help farmers adapt and maintain their operations to keep producing high-quality products.
Justine Hendricks, the president and CEO of FCC, shared her awareness of the uncertainty facing agriculture and food businesses. She highlighted that these sectors are vital for the economy and that FCC is ready to provide immediate and meaningful support.
The focus will initially be on helping businesses manage cash flow in this changing economic environment. Through the new Trade Disruption Customer Support program, FCC will assist both existing customers and those who qualify for lending with up to $500,000 in additional credit and new term loans. Current customers can also defer principal payments for up to 12 months on their existing loans.
For those seeking assistance, it’s important to reach out to local FCC offices or call their helpline at 1-800-387-3232 to discuss available options. FCC will carefully evaluate all applications to ensure support is provided to those in need.
Hendricks also mentioned that supporting the agriculture industry requires a united effort. With over 65 years of experience, FCC is committed to working alongside industry organizations and financial institutions to find the right solutions for the agriculture and food sector.
J.P. Gervais, FCC’s chief economist, underscored that Canada provides high-quality products to U.S. markets and that maintaining a positive trade relationship benefits both countries. Despite the challenges posed by tariffs, FCC will continue to offer funding solutions that help bolster Canada’s leadership in agriculture and food production.
Farm Credit Canada is dedicated to supporting Canadian agriculture and food businesses. They provide flexible financing options tailored to meet the industry’s evolving needs, ensuring a stable and strong partnership for farmers and food producers across the country. For more information about FCC, you can visit their website at fcc-fac.ca.
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Source linkFarm Credit Canada, FCC, Canadian agriculture, Canada, industry associations, financial support
