Farm Lending Canada (FLC) has announced a strategic investment from Farm Credit Canada (FCC) that will expand access to financing for Canadian farmers, particularly those facing transition and succession challenges. The investment is part of FCC's broader commitment to deploy $2 billion by 2030 to enhance innovation in Canadian agriculture and food, aiming to scale breakthrough solutions and strengthen food security.
Supporting Farm Transition and Succession
The investment addresses critical issues such as farm transition and succession, which are central to the future of Canadian agriculture. FCC's support aligns with its commitment to keep family farms strong. Robb Nelson, Chief Executive Officer of FLC, expressed gratitude for the investment, noting the stress that changing global conditions place on farmers. He emphasized that FLC will continue to be a source of capital for farmers, expanding its loan portfolio to better serve them.
Expanding Access to Financing
Founded in 2019, FLC provides financing to farming operations in nine provinces, including Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, and Saskatchewan. The company targets farmers who may not have access to traditional lending options. To date, FLC has assisted over 100 Canadian farming families, with an average loan size exceeding $2 million.
FLC works closely with borrowers to strengthen their financial positions and facilitate a transition back to conventional financing. Its team of agricultural specialists guides farmers in managing debt levels and optimizing their businesses. The FCC investment will help FLC address the growing need for alternative funding sources that support stability, transition, and succession for farming families nationwide.
Partnership for a Stronger Agriculture Sector
Adam Smalley, Managing Director of FCC Capital, highlighted the importance of reliable access to capital for farmers to support growth, manage transition, and navigate change. He noted that partnerships like this help more producers access the capital they need, reflecting the importance of collaboration in supporting the agriculture and food sector.
The FCC investment builds on FLC's existing strategic relationships, further strengthening its ability to support the sector. FLC aims to raise an additional $200 million in capital over the next 18 months to continue supporting Canadian farmers. For more information, visit www.farmlending.ca.
About Farm Lending Canada
Founded in 2019, Farm Lending Canada is a financial services provider operating nationwide. It offers multi-strategy lending solutions to the Canadian agricultural sector through its managed fund, AgriRoots Diversified Lending Fund LP, with the goal of empowering farmers and helping them retain ownership of their farms. FLC also operates in the residential and commercial space through its subsidiary mortgage brokerage FamilyLending.ca Inc.
