Resolution

WHEREAS Canadian farm debt exceeded $102 billion by the end of 2017; 

WHEREAS Realized net farm income fell by 45 percent in 2018;

WHEREAS Global trade tensions, weather, commodity price volatility, higher interest rates and eroded business risk programs are decreasing cash flow and placing producer’s financial viability in jeopardy;

WHEREAS Maintaining positive working relationships between creditors and borrowers is crucial for weathering difficult financial times;

BE IT RESOLVED That agricultural lenders be asked to work with producers facing financial difficulties.