Farm Credit Canada is extending its trade disruption support program for canola producers impacted by the ongoing trade disruptions.
Last week, China implemented a 75.8 per cent tariff on Canadian canola seed imports.
FCC's President and CEO Justine Hendricks says the agriculture and food industry is resilient, but global trade uncertainty can create real pressure on cash flow and operations.
"Our role is to ensure our customers, and the broader industry, have access to the capital and flexibility they need to adapt, stay competitive, and keep delivering high-quality products to markets at home and abroad."
The Trade Disruption Customer Support program gives qualifying participants the opportunity to access an additional credit line of up to $500,000 and new term loans.
Existing FCC customers also have the option to defer the principal payments on their existing loans for up to 12 months.
FCC is continuing to work with industry partners to ensure that Canadian agriculture and food businesses can navigate the changing market conditions and keep the industry moving forward despite uncertainty.
More information on the Trade Disruption Customer Support program is available from your local FCC office or by calling 1-800-387-3232.