Farm Credit Canada has come forward with several different options within their customer support and regular financing programs, to help Canola producers now facing steep tariffs from China.
Senior District Director Elan Rolufs says one area they can look at is their Trade Disruptions Customer Support Program, which they rolled out earlier this year.
"We are offering things like principal payment deferrals. We can look at new lending to support cash flow, and we can also look at existing debt and other things that we can do to help relieve some of the cash flow issues that the customer is having right now."
Rolufs suggests Canola producers sit down with an FCC rep and discuss the specific challenges that they are facing, so that both sides can come up with a solution that fits their needs.
