Message from the Board Chairperson

Take it one day at a time.

This advice has been on constant replay for the past two years as the agriculture and agri-food industry endured severe volatility caused by the global pandemic and adverse weather and trade conditions across the nation. It is certainly times like these that reinforce our higher purpose at Farm Credit Canada (FCC) – “We serve the industry that feeds the world, inspiring possibility and passion.”

That is why FCC exists.

More than 60 years ago, FCC was created to provide a steady source of financing options to the agriculture and agri-food industry through all economic cycles and disruptions. In addition to providing financial assistance for the pandemic and extreme weather events, FCC made significant progress on key public policy priorities by enhancing capital support and knowledge offerings to enable the strategic growth and expansions of Canadian agriculture and agri-food enterprises and underrepresented groups such as Indigenous Peoples, women and youth in the industry. It has truly been an honour for FCC to serve our purpose and stand behind our customers and the industry as they continue to persevere with great passion and strength to feed Canadians and the world and sustain a healthy future.

At FCC, we pride ourselves in our ability to be adaptable to meet the dynamic and changing needs of our customers and the industry. Thank you to all our employees who worked tirelessly to make things as easy as possible for our customers. I am so proud of what we have accomplished and what we will aspire to do. We have all come so far together and as we continue to pace ourselves along this journey, it is critical to focus on staying well mentally and physically because there is still important work ahead of us.

FCC is not going anywhere.

As the only lender 100% focused in agriculture and food, FCC is committed to being a strong and stable financial partner that supports the long-term growth and prosperity of Canadian agriculture and food. FCC will continue to support a strong economic recovery by executing our legislative mandate to provide specialized and personalized business and financial services. Our focus also remains on sustainability by addressing climate change and food security, both for our nation and to feed the world. To help enhance food security, FCC will support our customers and industry partners to strengthen supply chains and food production in rural Canada. With additional FCC knowledge offerings and advisory services provided to agriculture and agri-food operations, this will help them to grow their management practices and make the industry more resilient and competitive in the future.

The FCC Board of Directors would like to recognize our outgoing President and CEO, Michael Hoffort, who has achieved great things at FCC for the past 34 years. With all his years of experience in agriculture finance, Michael has witnessed many changes and influenced the growth of the Canadian agriculture and agri-food industry. As you complete your career at FCC, thank you for your leadership. We are very proud of the legacy you have created at FCC. Enjoy your well-deserved retirement.

I would also like to acknowledge former director Sharilee Fossum (2019-21) for her contributions to the Board, FCC and the industry. Congratulations to Bertha Campbell, Laura Donaldson and Govert Verstralen, who were reappointed to three-year terms on the Board, effective February 1, 2022. On behalf of the Board, we remain committed to providing independent oversight of FCC’s management and operations and look forward to progressing FCC into the future.

It is an exciting time of opportunity and growth for agriculture and agri-food and FCC is ready to take on the days ahead of us.

Respectfully submitted on behalf of the FCC Board of Directors,

Jane Halford, Board Chairperson