Helping farmers through financial transition

“The changing global landscape has put a great deal of stress on the men and women who put food on our tables. We are here for them now and will continue to be a source of capital for them into the future,” Nelson said. “With this capital, we will now be able to expand our existing loan portfolio and increase our ability to help Canadian farmers.”

FLC provides financing to Canadian farming operations in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Saskatchewan that may not have access to traditional lending options. It has helped more than 100 Canadian farming families, with an average loan size of more than $2 million.

FLC works closely with borrowers to strengthen their financial position and transition them back to conventional financing. It also provides guidance to help them manage debt levels and optimize their businesses, addressing the need for alternative funding that supports stability, transition and succession for farming families across the country.

Adam Smalley, managing director of FCC Capital, said the Canadian agriculture sector depends on farmers having reliable access to capital to support growth, manage transition and navigate change.

“Partnerships like this help more producers get access to the capital they need to transition their operations, and reflect the importance of working together to support the people building the agriculture and food sector,” Smalley said.

FLC hopes to raise an additional $200 million in capital over the next 18 months.

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alice.mcfarlane@pattisonmedia.com

by Pattison Media

Helping farmers through financial transition

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