Farm Credit Canada (FCC) is offering a customer support program to farmers and ranchers across western Canada who are facing production challenges due to adverse growing conditions.
Many parts of Western Canada haven’t received any significant rainfall through the spring and summer months. Extreme heat and dry weather have already reduced the potential yield of many crops. The unfavourable weather has also stifled pastures and hay production in many areas.
“We are watching the weather situation very closely and are talking to customers daily,” said Michael Hoffort, FCC President and CEO.
“We already know that several ranchers are feeling the impact, while grain and oilseed producers are watching their crops deteriorate in the fields,” he said. “If these conditions persist, many operations could face cash flow challenges, so we want our customers to know we’re ready to support them and find solutions.”