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Annual Report

Advancing the business of agriculture

It is a privilege to lead an organization that serves such an important and vibrant industry. The Canadian agriculture and agri-food industry is modern and internationally competitive. It provides one in eight jobs and contributes over 8% to this country’s gross domestic product. Canada is the fourth largest exporter of agriculture and agri-food products in the world, with exports valued at $35.3 billion and imports of $28.1 billion. Agriculture is a huge industry.

FCC is proud to be the only financial institution in Canada focused exclusively on the agriculture value chain. We are committed to helping our customers achieve their goals through good and challenging times. Our customers range from traditional agriculture (such as dairy, beef, hogs, and grains and oilseeds) to wine producers, greenhouses, value-added agribusinesses, food processors and manufacturers. Each are industries in their own right that are very different from each other in terms of how they are impacted by market forces, regulations and consumer demands.

Our purpose is to enhance rural Canada by providing specialized and personalized business and financial services and products that address all of these unique aspects of agriculture. We provide access to capital to all parts of the country, to all agriculture-related industries and sectors, all the time. Our products and services are tailored to the unique needs of agriculture and agri-food, including a new generation of producers: young farmers.

We believe the future of farming depends on our ability to attract young farmers with the skills needed to take over farms and other agribusinesses. Close to 8% of Canadian farms across all sectors are run by young farmers. FCC supports them at every stage with financing, learning opportunities and more. In 2010-11, young farmers borrowed $1.6 billion from FCC to finance their dreams. Agriculture is a dynamic and progressive industry that needs our best and brightest. The more they flourish, the more they build a solid future for the industry.

We measure our success by what our customers say about us. It is not an overstatement to say we love our customers, and I’m happy to say that they love us back. Six out of ten FCC customers give us perfect scores when we poll them on various aspects of the customer experience. And, when our customers are successful, we are successful. With 100,000 customers and 18 consecutive years of growth, FCC is strong and stable. In 2010-11, the FCC loan portfolio grew to $21.3 billion from $19.8 billion in 2009-10. A total of $6,153 million in disbursements was extended to over 31,565 customers across Canada. New lending to the industry exceeded $5 billion.

A trustworthy and stable financial partner that understands the business of agriculture has never been more important. We are very proud to work with the people involved in this industry. Agriculture is more than a career. Those who work in the industry manage complex operations. They are resilient, agile and innovative. They respond to changing consumer demands, advances in technology, integration and globalization. They recognize that they are a part of something big, and they passionately give it their all each and every day.

At FCC, we know the industry and we love it too. We’re here to support our farmers and other agribusinesses and help them succeed every step of the way.

Download the full 2010-11 Annual Report or just the section that you require.

Full PDF (7 MB)

 

For more information, please contact:

Éva Larouche
Farm Credit Canada (Bilingual)
Corporate Communication
306-780-6647

Past Reports
2009-2010 Annual Report (PDF)
2008-2009 Annual Report (PDF) 
2007-2008 Annual Report (PDF)
2006-2007 Annual Report (PDF)
2005-2006 Annual Report (PDF)
2004-2005 Annual Report (PDF)
2003-2004 Annual Report (PDF)
2002-2003 Annual Report (PDF)
2001-2002 Annual Report (PDF)
2000-2001 Annual Report (PDF) 

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