The mission of La Financière agricole du Québec is to support and encourage the development of the agricultural and agri-food sector within a perspective of sustainable development. In fulfilling its mission, the agency concentrates on the development of the primary sector.
La Financière agricole prepared its 2009-2012 Strategic Plan and its 2010-2011 Operational Plan with the aim of fulfilling its mission and carrying out its mandates in a context dominated by major issues and ever-growing challenges. It therefore chose to focus on promoting the sustainability and competiveness of farming operations, the enhancement of regional agricultural and agri-food resources, increased customer satisfaction and optimal organizational performance. The many operations undertaken and achievements made over the 2010-2011 year were based on the vision of La Financière agricole, which was also set forth in its Strategic Plan, “to be the forerunners in the development, adaptation and longevity of Québec’s farming operations and agri-food businesses”.
Through its many operations, La Financière agricole contributes to the economic development of Québec and its regions. It offers a wide range of financial and risk management tools to ensure the economic and financial stability of farm businesses. Such tools include farm and forestry financing with guaranteed loans, protection against interest rate hikes, financial assistance for establishment in agriculture, venture capital investments through its branch, Capital Financière agricole inc., along with crop insurance, farm income stabilization insurance, AgriStability and AgriInvest.
In carrying out its mission, La Financière agricole seeks to stimulate investments and protect the income of Québec's farm businesses with the aim of promoting their success. It has business dealings with over 27,000 farming businesses and forestry operations.
It safeguards insured assets worth $4.7 billion. Its portfolio of loans under the Farm-Loan Insurance and Forest-Loan Insurance Fund has reached $4.4 billion, which represents close to half of the farm financing in Québec.
La Financière agricole offers all its products and services using a one-stop approach formula through a network of service centres and counters available in all regions of Québec. It relies on some 700 employees, more than half of whom work in the regions. The agency is well established in the community and is aware of the specific needs in the regions. Its specialized personnel is positioned to offer solutions tailored to each situation and seeks to develop a business relationship built on trust with its clients by actively listening to their concerns and seeking solutions.
The mobilization and commitment of dedicated and qualified people enable the agency to offer quality services and continually enhance its performance.
La Financière agricole relies on the synergy from its business partnership with the farming community to optimize its operations. Its staff members are constantly in contact with their clients, just as they regularly meet and discuss with stakeholders representing farm producers. The choice to do business in this manner represents a major strength both for the agency and for farming operations.