GFM Network News

BMO regroups ag banking business

Ag-focused national banking team put in place

Reading Time: 2 minutes With COVID-19 serving to “accelerate” changes in the industry, BMO Bank of Montreal says it has reset its farm banking work under the oversight of an expanded national agriculture and agribusiness banking team. BMO announced the new team approach Oct. 14, describing it as “a national team of agriculture banking specialists — team members with […] Read more

Flexibility available for farmers on FCC loan payments

Reading Time: 2 minutes Farm Credit Canada says it remains willing to work around the various forces majeures standing between its farmer clients and their cash flows this year. The Crown lending agency reiterated Monday it will work with customers “to come up with solutions for their operations on a case-by-case basis” in view of this spring’s weather worries […] Read more

Farm failures

Big bankruptcies make big headlines, but smaller farms are under pressure too

Reading Time: 5 minutes Their names are widely known, including Wigmore Farms, Broadacre Agriculture, Big Sky Farms, BioExx Specialty Proteins, and others. They’re among the high-profile farms and agri-businesses that have shipwrecked in recent years and applied for creditor protection. Each has a story that’s unique, but their stories seem to share a lot of similarities too. The explanations […] Read more