La Financière agricole du Québec

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2020 Growing Season: La Financière agricole ensures fruit and vegetable producers that it will adjust its programs due to the current situation

During the COVID-19 crisis, La Financière agricole du Québec (FADQ) remains committed to supporting the development of the agricultural sector. Its programs are intended to help farming producers face events beyond their control. To this effect, La FADQ would like to inform fruit and vegetable producers that it will adapt to these peculiar conditions, including a potential labour shortage due to the COVID-19 pandemic that may prevail in 2020.

Hence, La FADQ has postponed the seedling deadlines to allow producers additional time to complete their sowings without penalty. This measure was taken in the purpose of reassuring fruit and vegetable producers and encouraging them to start preparing their 2020 season as of now. La FADQ stresses the need to enrol in its insurance and income protection programs and the importance of preparing the sowing period.

La FADQ has added this measure to the following measures announced March 21, 2020:

  • A six-month moratorium on loan repayment is offered to any La FADQ client upon request. This period of payment deferral will help alleviate the corporate obligations of businesses and will provide them with some cash flow over the next few months.
  • The deadlines to enrol in the Crop Insurance program (ASREC) is deferred to the period between April 30 and May 21, 2020 and notices of assessment, to the period between June 1 and July 1, 2020.

La FADQ reminds farming producers that they can contact their service centres for any questions or specific situations and that financing programs are available.

“More than ever, Quebeckers will look for local products this summer. The number of “buy local” promotional campaigns is on the rise. It is important for our fruit and vegetable producers to benefit from this movement. The government wishes to encourage them with this measure. La FADQ will show the flexibility needed to adjust to such an unprecedented situation.”

André Lamontagne, Minister of Agriculture, Fisheries and Food

“La FADQ is always there to support you in these uncertain times. If you need anything, do not hesitate to contact one of our service centres. An advisor will be pleased to answer your questions and inform you about the latest measures implemented, including the moratorium on loan repayment and the deferral of crop insurance enrolment deadlines.”

Ernest Desrosiers, Chief Executive Officer of La Financière agricole du Québec