Farm Debt Mediation Service
Canada
Financial counselling and mediation for farmers in financial difficulty.
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Agriculture and Agri-Food Canada (AAFC)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Are you a farmer having trouble meeting financial obligations? Access free and confidential mediation services where you and your creditor(s) meet together with a neutral third party who can help you reach a mutually acceptable solution.
grant_single_labels|projects
There are eligible activities for this grant.
- Financial counselling
- Mediation services
- Developing a recovery plan
- Meeting with creditor(s) and mediator
grant_single|admissibleProjectsExample
$13,000
Cambridge
Developing a comprehensive financial recovery plan for family-run apple orchards
$18,000
Guelph
Financial counselling for dairy farmers to develop customized recovery plans
$9,000
Hamilton
Financial counselling and mediation for small-scale poultry farmers
$9,000
Windsor
Financial counselling for struggling corn farmers to manage debt
$10,000
Edmonton
Meeting with creditors and mediators for livestock farmers facing bankruptcy
$6,500
Kelowna
Mediation services for organic vegetable farmers facing debt issues
grant_single_labels|admissibility
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for the Farm Debt Mediation Service grant. The service is available to farmers who are experiencing financial difficulties and are having trouble meeting their financial obligations.
- Farmers facing financial challenges
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The criteria include:
- Financial need and viability of the proposed recovery plan
- Farmer's ability and commitment to implement the plan
- Good faith participation in the mediation process
- Willingness to negotiate and reach a mutually acceptable solution
grant_single_labels|register
- Step 1: Learn more about how to apply.
- Step 2: A qualified financial consultant will be assigned to work with you throughout the mediation process.
- Step 3: Once the financial consultant has helped you develop a recovery plan, a meeting will be arranged with you, your creditor(s) and a mediator.
Apply to this program
Grant Summary: Farm Debt Mediation Service
Explaining the Farm Debt Mediation Service Grant
The Farm Debt Mediation Service offers free financial counselling and mediation services to farmers facing financial challenges. This voluntary and confidential program aims to facilitate discussions between farmers and creditors to reach mutually beneficial solutions, often resulting in signed agreements.
The program is divided into two sections, with Section 5(1)(a) including a stay of proceedings and Section 5(1)(b) not including it. Qualified financial consultants guide farmers through the mediation process and help develop recovery plans before arranging meetings with creditors and mediators.
By providing this mediation service, the program helps farmers navigate their financial difficulties, find sustainable solutions, and work towards financial stability. If you're a farmer struggling with debt obligations, the Farm Debt Mediation Service can be a valuable resource to explore for support and guidance.
For farmers in Canada encountering financial distress, the Farm Debt Mediation Service is a proactive approach to address challenges, negotiate with creditors, and potentially avoid bankruptcy. The service is designed to bring together producers and creditors in a neutral setting with a mediator, fostering open communication, understanding, and reaching agreements tailored to individual circumstances.
Eligible farmers can benefit from the expertise of qualified financial consultants who walk them through the mediation process, assess their financial situation, and help create recovery plans. The service aims to mediate financial disputes, facilitate negotiations, and bring parties to a consensus that enables farmers to manage debt effectively while maintaining their agricultural operations.
Through the Farm Debt Mediation Service, farmers have access to necessary resources, support, and guidance to navigate financial challenges effectively. By engaging in mediation, farmers can explore innovative solutions, negotiate manageable terms with creditors, and ultimately stabilize their financial well-being to sustain their farming operations.
The Farm Debt Mediation Service emphasizes confidentiality, respect for the parties involved, and transparency throughout the mediation process. This approach aims to build trust, foster constructive dialogue, and reach agreements that benefit both farmers and creditors, ensuring a fair and sustainable resolution to financial difficulties.
Overall, the Farm Debt Mediation Service is a valuable program that offers a pathway for farmers to address financial stress, negotiate with creditors, and work towards viable solutions to overcome debt challenges. By utilizing this service, farmers can access essential support and expertise to navigate financial complexities, secure their livelihoods, and build a sustainable future in agriculture.
