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Trudeau increases Farm Credit Canada’s lending capacity by $5B amid COVID-19 crisis

Justin Trudeau Canada city Ottawa covid-19 politics
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In response to challenges farmers are facing amid the COVID-19 pandemic, Prime Minister Justin Trudeau announced a $5-billion increase in lending capacity for farmers and food producers in Ottawa on Monday morning. “Starting today, farmers and producers can apply through Farm Credit Canada for the support they need to keep food growing and get it on our tables,” he said.

In a statement, Trudeau’s office said “this will offer increased flexibility to farmers who face cash-flow issues and to processors who are impacted by lost sales, helping them remain financially strong during this difficult time.” Trudeau added on Twitter that all eligible farmers with Advance Payments Program (APP) loans due on or before April 30 will have an additional

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