By Alice McFarlane

Agriculture Roundup for Wednesday June 15, 2022

Jun 15, 2022 | 2:59 PM

MELFORT, Sask. — Farm Credit Canada (FCC) said it is prepared to work with Manitoba customers concerned about financial hardship due to the flooding caused by torrential rainfall, snowmelt, and waterway ice jams.

FCC senior vice-president of prairie operations, Shannon Weatherall, said widespread flooding along the Red River, combined with heavy rain in parts of western Manitoba, has not only forced the evacuation of some communities, but has also disrupted some farm operations during planting season.

“We want to assure customers who find themselves financially vulnerable as a result of these circumstances that FCC will work with them to explore all options for addressing any short-term cash flow problems,” Weatherall said.

FCC may consider additional short-term credit options, deferral of principal payments and other loan payment schedule amendments to reduce the financial pressures on producers affected by the flooding.

FCC will also offer flexibility and a combination of options based on the individual needs of its customers, since each farm financial situation is unique.

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Valent Canada Inc. and Nufarm Agriculture Inc. extended their distribution relationship in Canada.

The companies have collaborated since 2011, providing herbicides, insecticides, fungicides, plant growth regulators, and seed treatments through Nufarm’s established distribution channels.

The five-year agreement is an extension between the two companies in both the U.S. and Canada, as well as parent companies Sumitomo Chemical Co. and Nufarm Limited spanning more than a decade.

Nufarm will continue to offer a selection of Valent products registered in Canada for field crops, horticulture, and turf.

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The Manitoba government has approved the province’s first potash operation.

The Potash and Agri-Development Corporation of Manitoba has been authorized to start extracting and producing in western Manitoba near the town of Russell.

The project is a partnership with Gambler First Nation, which is a 20 per cent equity owner.

The owners are promising a more environmentally-friendly mine by using hydroelectricity.

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alice.mcfarlane@pattisonmedia.com

On Twitter: @farmnewsNOW