Photo: Wine BC
Farm Credit Canada is offering additional short-term credit and loan payment deferrals to wine and fruit producers impacted by January’s cold snap.
Canada’s largest agriculture term lender is offering a lifeline to vineyards and fruit growers in the B.C. Southern Interior hit hard by extreme cold in January.
Many Okanagan and Similkameen wineries are looking at a near total write-off of this year’s vintage, and so far it looks like the cherry crop could be down 75 per cent. In some areas, temperatures dropped below -25 C.
Farm Credit Canada, which is a Crown corporation, has announced it will consider additional short-term credit options, deferral of principal payments and/or other loan payment schedule amendments to ease the financial pressures on producers.
“FCC understands the uncertainty that comes with working in the agriculture and food…
