As U.S. tariffs create financial strain for Canadian farmers, Farm Credit Canada (FCC) is providing vital support with a $1 billion financial relief package aimed at mitigating these challenges.
"There is no relationship in the world like the one Canada shares with the United States, and that certainly extends to our agriculture sectors. Our supply chains are highly integrated, and our producers rely on fair access to the U.S. market. These unjustified tariffs will have a direct impact on them,” said the Honorable Lawrence MacAulay, Minister of Agriculture and Agri-Food. "Building on our Team Canada response, FCC will be providing financial support to the sector as we adapt to the challenges ahead, so our farmers can keep their operations going and continue producing the best products in the world.”
“We know that agriculture and food producers across Canada are bracing for uncertainty,” said Justine Hendricks, FCC president and CEO. “Agribusinesses, farm operations and food processors are key drivers of our economy and FCC is ready to provide meaningful and immediate support to keep the industry moving forward at this critical time.”
Hendricks also stressed the importance of collaboration to tackle the economic disruptions. FCC, along with industry associations and other financial institutions, is working together to provide the necessary support to businesses. Farmers are encouraged to reach out to FCC to discuss their options and find the best solutions to manage their financial difficulties.
FCC is committed to assessing the full impact of U.S. tariffs on the Canadian agriculture sector and continues to offer support to ensure the industry’s resilience. With this strategic intervention, FCC aims to sustain Canada’s leadership in agriculture and food production.