Farmers who are looking at small or no crops because of excess moisture this spring should meet with their lenders to take advantage of customer support programs.
Jean-Philippe Gervais, Farm Credit Canada’s senior economist, said his organization is reacting to the seeding problems as it did last year and when BSE and avian flu struck the livestock sector. Other lenders have similar programs.
“It is on an individual case basis, but we do have options in reworking the payment schedules and helping with the cash flow by going interest-only for a period of time,” said Gervais.
