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FCC to offer breaks on loans in Sask., Alta.

Written By: Eric Anderson, Jul 14, 2015

Customers of Farm Credit Canada in parched areas of Alberta and Saskatchewan may be able to get breaks on their outstanding loan payments.

FCC on Monday announced it would work with affected customers on “solutions for their operation(s)” such as deferral of principal payments and/or otherwise amending their loan payment schedules.

The offer applies to farmers in “parts of Alberta and Saskatchewan facing financial hardship as a result of dry conditions.”

The federal farm lender said it would also expand those offers to include customers in other areas “if and when the need arises.”

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Posted in Farm related news | More articles by Eric Anderson

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