From FCC: All Canadian farmers take on debt – how do you manage yours?
Farmers of all descriptions will take on debt during their farming career
by Trevor Bacque – Farm Credit Canada (FCC)
For some, it’s paid off nearly as quickly as they acquired it. For others, debt may follow them their entire career. In either scenario, or one unique to your farm, the natural question arises: How do you manage it?
There are many correct answers, but it must work for the farmer to manage, draw down or eliminate debt. Times of uncertainty can make debt even more precarious.
“Debt is a fact of doing business in farming, but how the debt is managed, including interest rates, differs for every operation”
Our May 2025 Issue
In our May 2025, CCA Congratulates Canada’s new PM, Smithfield Foods and the Chinese implication, Food and Beverage faces mixed 2025 outlook, Olymel’s new product launch, WBC Paris 2025 competition, Thermal Trace’s wireless temperature monitoring system, Trade disruptions on the agriculture sector, and much more!