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Ag minister defends FCC against criticism from bankers

Posted: 3/12/2013 | Views: 109

Agriculture minister Gerry Ritz has offered a strong defence in the face of private lender criticism that Farm Credit Canada has an unfair market advantage and should be reined in. The debate was stirred up in a commentary by business-oriented think-tank C.D. Howe Institute, which argued the federal crown corporation’s mandate should limit its ability to compete with private lenders. It suggested FCC revert to a 25-year-old model of being a lender-of-last-resort for highest risk farm borrowers.


Source: The Western Producer

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