March 27, 2020

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Friday, March 27, 2020 • Vol.112 No. 33 • Rivers, Manitoba

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FCC lending capacity increases by $5B to alleviate industry financial pressure March 30, 2018

Submitted Farm Credit Canada

Farm Credit Canada (FCC) has received an enhancement to its capital base that will allow for an additional $5 billion in lending capacity, Marie-Claude Bibeau, minister of Agriculture and Agri-Food Canada announced today. Minister Bibeau’s announcement follows Prime Minister Justin Trudeau’s announcement earlier today outlining more details on the Government of Canada’s plan to support the economy during the COVID-19 pandemic. In that announcement, the government made a solid commitment to the agriculture and food industry to ensure producers, agribusinesses and food processors continue to have access to necessary capital at this challenging time. “Farmers and producers work hard to put food on tables across our country, and they should not have to worry about being able to afford their loan payments or having enough money to support their own families,” the Prime Minister said. “We are taking action now to give them more flexibility to meet the challenges ahead.” “Like many Canadians, I am truly grateful for our farmers and food business owners and employees, who continue working hard so we all have quality food on our grocery store shelves and kitchen tables. Their continued work is essential to our plan to manage COVID-19,” Minister Bibeau said. “The measures announced today will provide

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Volume 110, Issue 37

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farmers and food producers support efforts, FCC also across the country with im- is asking existing customBack row L/R: Meghan portant financial flexibility ers who have cash flow or Knelsen, Erich Schmidt, they will need during these other financial concerns to Thom Heijmans, Heather Dupuis. Front challenging times.” Gray, Lilianecontact the organization to row L/R: Minami Kijima, Haile “If you are a producer discussPayette, alternatives, such as Hubbard, Chassidy Morgan concerned about having theRamsay, loanBryce payment deferrals and Summers, Quinn Hrabok. cash flow required to plant products available to assist your crop, or you are a food with cash flow needs. processor feeling the impact “Each business’ financial of a lost sale due to the fi- situation is unique, so there nancial downturn, FCC is may be a combination of here to support you in these options considered,” Hoffort uncertain economic times,” said. “The bottom line is said Michael Hoffort, FCC that FCC is being supported president and CEO. “It’s in by our shareholder to play times like these that we are a bigger role in supporting Photo by Sheila Runions reminded how important the success of the Canadian Canadian producers and agriculture and food industry food processors are to our across Canada. The sooner nation and to feeding the we can discuss potential world.” challenges, the more options By Sheila Runions Banner Staff we have.” Hoffort adds that FCC to the finanschools. cans from the school foyer into and Chimo Beach areas for con- put away in the proper place on r e p or t e dCustomers i n t he tion will use its resources to sfind facing Pupils co-ordinated the entire the church basement the after- tributions from the community. the shelving units. They were edition, the are solutions that offer the March best 9cial pressure encouraged Grade 12 Interdisci- month-long promotion, which noon of March 21, where the When all was said and done, fantastic! We are very, very chance for recovery going to contact their FCC relaplinary Studies in Science class culminated in a ceremonious food was weighed and sorted. the scales at Riverdale Harvest pleased.” forward so the industry emertionship or the FCC Elementary school staff memon March 20 to Although the project was a sen- noted a total of 434 pounds, “a at Rivers Collegiate plannedmanager a presentation PHOTO BY MICAH WADDELL ges stronger. Initially, Customer Centre at president ior students brainstorm, the en- fabulous amount,” says Heather. ber/Harvest volunteer Yvonne Riverdale Harvest project for the Riverdale Harvest. Service CrouchWork initiated a similar camhigh school was encouragedthe“We are sodoesn’t pleased they decided and Liliane. thethe Boat Load of Food, Heather Amid thetireCOVID-19 outbreak world stop turning. continues focus will be onDubbed assisting 1-888-332-3301 to Gray discuss to help those webeing serve. Aconducted lot paign in her That threeBecause theand snow had melted town, to participate. The collegiate students secured canoeindividual from around as shown here some work was on school. the former industry in addressing cash a their situation Rolling River School Division so much, the canoe could not hosted a poor boy floor hockey of times kids don’t get enough week effort simply encouraged Cargill elevator in Rivers. The elevator is owned by Froese Farms and they are flow challengeswith so that busi- options. an intent to f ill it with be portaged across the street to tournament in which to play, credit but this group of students students to leave product in repairs hope it. The facility is still used grain handling. nesses can remain focused FCC is Canada’s leading thefor canoe; 87 pounds of food River-roof athletes had toand pay with foodtoforpaint certainly deserves some praise. non-perishables. Although the Zion Church (home ofdoing on business-critical functions lender, dalefood Harvest). Rather, the teens the canoe. Some students also All students stayed behind to was collected from the younger campaign was fullyagriculture organized and boxes and garbage canvassed Rivers, Oak River help check expiry dates, sort and group on Thursday, March 22. by that class, idea carried rather than worrying aboutthe original with a healthy loanbags, portfolio came from a suggestion made how to access funds to keep of more than $38 billion. Our by harvest volunteer Liliane operating through this dif- employees are dedicated to Dupuis. ficult time. “I heard the ideathe at future a meet-of Canadian agri529 Second Ave “Supportinging theinindustry and food. We provide Brandon. St.culture Augustine Rivers, MB. R0K 1X0 tried Fill a Canoe will also take School stronghadcolflexible, competitively priced www.riversbanner.com in conjunction the 10-day management laboration between banks,withf inancing, info@riversbanner.com Festival du Voyaguer in Wincredit unions, FCC and other software, information and nipeg in February. It was very financial institutions,” saidwhenever knowledge successful and I hear specifically deThe Rivers Banner Hoffort. “FCC food has served asearssigned for the agriculture and bank, my always perk serves the up!” industry food industries. As a self-suscommunities of: a strong and stable Bradwardine Rivers Shethan then 60 brought the sugpresence for more taining CrownThe corporation, canoe at Rivers Forrest Station Oak River gestion to Riverdale Harvest, years, and this current situa- we provide an appropriate Elementary School wasRapid City Alexander which supported the idea and adequately filled. Kenton Cardale tion is no different. We will be return to our shareholder, Photo by Heather Gray asked her to present the promoHarding working in partnership with and reinvest our profits back other financial providers to into the industries and comoffer the solutions needed munities we serve. Visit fcc. by the agriculture and food ca or follow us on Facebook, myWestman.ca industry to take on the chal- Instagram, LinkedIn, and on lenges ahead.” Twitter @FCCagriculture. As part of its ongoing

Can collections for canoes

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