Crown Borrowing Framework
On March 19, 2007, Finance Minister Jim Flaherty delivered the federal budget for fiscal 2007-08 and announced the federal government's intention to consolidate the Crown borrowings of Farm Credit Canada by providing direct lending to the corporation beginning in 2008.
The Consolidated Borrowing Program was officially launched on April 21, 2008, and FCC is now borrowing directly from the Federal Government.
FCC will no longer be issuing debt in the capital and money markets. Outstanding capital market debt of FCC will continue to be honored by FCC until maturity date.