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Sask. asks lenders to be flexible with farmers

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Published: March 5, 2014

Saskatchewan agriculture minister Lyle Stewart has written to financial institutions asking them to be flexible with their agricultural clients dealing with the grain backlog.

Slow grain movement is resulting in a cash flow crunch for many producers, possibly leaving them unable to make payments.

“I encourage financial institutions to work with producers regarding cash flow requirements and be flexible with loan repayments,” he said.

The province’s farmers harvested a record 38.4 million tonnes last year.

Farm Credit Canada has already said it will be flexible with its clients affected by the transportation problem.

About the author

Karen Briere

Karen Briere

Karen Briere grew up in Canora, Sask. where her family had a grain and cattle operation. She has a degree in journalism from the University of Regina and has spent more than 30 years covering agriculture from the Western Producer’s Regina bureau.

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