Farm Credit Canada - Annual Report

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Annual Report

Agriculture More than Ever

These are exciting times for Canadian agriculture. It's a complex, dynamic industry that is contributing to our country's economy like never before. Not only is agriculture the foundation of our food supply, it supports people employed in the business, technology, health, energy and environment sectors who live in urban and rural settings across Canada. Every Canadian is touched by agriculture.

Agriculture is a demanding, yet rewarding, way of life for producers and agribusiness operators. It requires commitment, forward-thinking and an appropriate risk appetite. Collectively, producers and agribusiness operators are successful, optimistic and strong advocates of the industry.

The truth is that Canadian agriculture has never mattered more to this country – and the world. That’s the message we want the public to understand. It's the message we want every producer and agribusiness operator to truly feel and feel driven to share.

The agriculture and agri-food system accounts for eight per cent of Canada’s gross domestic product and $35 billion in exports every year. It is a major employer in Canada, with 2.1 million jobs related to this industry. Agriculture feeds Canadians as well as countries all over the world.

At FCC, we demonstrate our commitment to agriculture through our core business, providing financial and business products tailored to the unique needs of the industry. We're the only financial institution focused solely on the agriculture value chain. Most of our 100 offices across the country are in rural areas. We provide flexible loan products, venture capital, software and learning events and publications. We've earned our success with these products and services and, also, by demonstrating integrity, partnership, commitment and excellence. This has built the trust and respect of our customers, our partners and the industry.

Everything we do is designed first and foremost to serve our customers. That's why more than 100,000 people have chosen FCC as their financial partner of choice. More than six out of 10 customers give FCC perfect scores on our customer experience index. They tell us they like dealing with FCC because we’re about relationships, we’re flexible and we know the industry. That’s no surprise, because our more than 1,500 employees know agriculture inside and out. They are deeply committed to providing customers with an extraordinary experience.

Our loan portfolio of more than $23.2 billion and 19 consecutive years of growth reflect our customers’ continued confidence in FCC. In 2011-12, we extended $7.1 billion in disbursements to 45,578 customers across Canada. This includes $1.9 billion borrowed by young farmers to grow their operations.

We're proud that our customers choose FCC. They tell us that the reason they stick with us is because we stick with them over the long term, through good times and bad. In the coming months and years, we'll be standing shoulder to shoulder with our customers and partners to tell the great stories happening in the agriculture industry. And, over time, all Canadians will increasingly recognize the engine that puts safe, high-quality food on the table and supports jobs and families from coast to coast.

Agriculture matters to Canadians and the world – more than ever.

Download the full 2011-12 Annual Report or just the section that you require.

Full PDF (7 MB)