There are costs to operating a farm—most of which are upfront. Whether it’s the price of accessing land, agricultural inputs or contract fees with food retailers, a reliable lender for a loan is key.
This is part of why Farm Credit Canada was established some 60 years ago. The crown corporation is the sector’s largest term lender and provides specialized financial services to family farms and agri-food operations navigating challenges of the day. Since late January, Justine Hendricks has been at the helm of the organization and is the first woman to do so. Bringing a background in finance from Export Development Canada, where she was the architect of the agency’s net zero 2050 strategy, she
takes on the role of CEO and president at a time when the sector has been tasked with balancing environmental stewardship with economic growth, while also working towards the greater goal of food security. Inflationary pressure and scaled up interest rates haven’t made this any easier.
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