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Rob Flack, Minister of Agriculture, Food and Agri-business, left, speaks with farmers following an announcement for $2 million in funding for the Ontario Beef Marketing Program and a $240 million increase to the Feeder Cattle Loan Guarantee program at Henrydale Farms in Carleton Place, July 29, 2024.
Livestock, News

Ontario beefing up support for cattle producers

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A $240 million increase to the Feeder Cattle Loan Guarantee program will help strengthen Ontario’s beef sector. The increase doubles the loan program’s scope to $500 million in low-interest finance to support short-term needs and long-term growth of feeder cattle co-operatives and their members. Why it matters: Increased funding for the guaranteed loans provides sector […] Read more
Surgery on a horse at the Western College of Veterinary Medicine’s equine veterinary medical centre in Saskatoon. (WCVM video screengrab via YouTube)
Livestock

Saskatchewan’s livestock vet loan plan expanded to bigger centres

Urban vet clinics' work with rural producers noted

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Saskatchewan’s program to forgive provincial student loans for veterinarians and vet techs serving livestock producers at rural clinics will now also cover those doing the same work out of bigger communities. The province’s Loan Forgiveness for Veterinarians and Veterinary Technologists program was first announced in April last year, offering forgiveness of 20 per cent of […] Read more
Federal Finance Minister Chrystia Freeland appears at a news conference in Ottawa on Sept. 24, 2020. (Photo: Reuters/Blair Gable)

More farmers expected to benefit from new CEBA eligibility expansion

Businesses operating via personal accounts to now be eligible

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The latest tweak to the Canada Emergency Business Account (CEBA) pandemic aid program is expected to allow farmers who run their business via personal bank accounts to seek CEBA loans. Federal Finance Minister Chrystia Freeland announced Monday that “as early as” Oct. 26, CEBA will be available to businesses which until now have been operating […] Read more
There have been 1,391 loans approved for the FCC Women Entrepreneur Program, requiring $994.5 million.
News

FCC loan program for women proves popular

Investment in the program will now be twice what was originally planned

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Glacier FarmMedia – A federal loan program for women offered through Farm Credit Canada is so popular that it will spend double the amount originally budgeted. Why it matters: Diversity in agriculture helps bring more qualified workers into the sector. The FCC Women Entrepreneur Program was originally a $500 million investment over three years, but […] Read more
Ag Minister Marie-Claude Bibeau speaks at Cigi in Winnipeg on March 13, 2019. (Dave Bedard photo)
Machinery

CEBA expanded to farms, other ‘owner-operated’ businesses

Program offers zero-interest, partly-forgivable loans

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Farms and other “owner-operated” businesses with little or no payroll may soon be able to get in on a federal program offering zero-interest loans to businesses up against pandemic-related drops in revenue. Prime Minister Justin Trudeau on Tuesday announced an expansion of eligibility under the Canada Emergency Business Account (CEBA) to also include “sole proprietors […] Read more
(Assnat.qc.ca)

Quebec ag lender offers break on loan payments

Crop insurance enrolment deadline also postponed

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Quebec’s provincial farm lending agency is set to offer a six-month moratorium on loan repayments to any customers who ask for one, against what it describes as a “crisis” for the ag sector. La Financiere agricole du Quebec (FADQ) said Saturday the six-month stay would help lighten the obligations for farm businesses, providing them liquidity […] Read more
(Photo courtesy Canola Council of Canada)
Markets

Cash advance repayment deadlines extended

FCC gets added capital to boost lending capacity

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Canadian farmers who have repayment deadlines coming up on their cash advances between now and the end of April will get extra time to repay those loans. The federal government on Monday announced a stay of default on loans coming due on or before April 30 under the Advance Payments Program (APP), among other measures […] Read more
P.E.I. Premier Dennis King speaks Sept. 9, 2019 during an update on effects from Hurricane Dorian. (PrinceEdwardIsland.ca)

FCC to offer flexibility in hurricane-battered areas

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Farm Credit Canada says it plans to help its farmer clients in Atlantic Canada work around financial pressures following Hurricane Dorian’s passage through the region over the weekend. “We won’t know the full extent of damage for some time, but we’ve already heard that some customers will likely be facing some financial hardship as a […] Read more
USDA’s main home page on Jan. 11, 2019. (GFM Staff photo)

USDA to reopen all farm agency offices

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Washington | Reuters — The U.S. Department of Agriculture said Tuesday it will reopen all Farm Service Agency offices on Thursday to offer services to farmers and ranchers during the partial government shutdown. Some Farm Service Agency (FSA) offices had been providing limited services since Jan. 17, but the move means all of the agency’s […] Read more

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