Agriculture Roundup for Tuesday July 27, 2021
Regina-based Farm Credit Canada is offering to provide support to drought-stricken producers.
Senior vice president of operations, Darren Howden, says FCC is willing to be flexible on loans on a case by case basis.
“If it’s a short term issue, what we’re looking at is we can of course defer our customers loan payments, or we’ll be looking to provide short term financing as well if that makes sense,” Howden said.
If it is a bigger issue that needs more work, they may look at restructuring to put producers back into a solid financial footing.