Farm Debt Mediation Service - Canada

Farm Debt Mediation Service

Canada
Financial counselling and mediation for farmers in financial difficulty.
grant_single|update January 24, 2025

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

The Farm Debt Mediation Service focuses on providing financial counselling and mediation for farmers facing financial difficulties. This service aims to create a neutral platform where farmers and their creditors can come together to find mutually acceptable solutions.
  • Facilitating financial counselling services for farmers.
  • Providing mediation between farmers and creditors with a temporary stay of proceedings.
  • Offering mediation services without a stay of proceedings for farmers and creditors.
  • Assisting in the development of a farmer's recovery plan in consultation with a financial expert.
grant_single|admissibleProjectsExample

$ 13,000

Developing a comprehensive financial recovery plan for family-run apple orchards

$ 18,000

Financial counselling for dairy farmers to develop customized recovery plans

$ 9,000

Financial counselling and mediation for small-scale poultry farmers

$ 9,000

Financial counselling for struggling corn farmers to manage debt

$ 10,000

Meeting with creditors and mediators for livestock farmers facing bankruptcy

$ 6,500

Mediation services for organic vegetable farmers facing debt issues

grant_single_labels|admissibility

Eligibility for participating in the Farm Debt Mediation Service is based on the applicant's status as a farmer facing financial difficulties.
  • The applicant must be a farmer experiencing difficulties meeting their financial obligations.
  • Participation is voluntary and requires agreement from both the farmer and their creditor(s) to engage in mediation.

grant_eligibility_criteria|who_can_apply

Eligible individuals for the Farm Debt Mediation Service are farmers who are encountering difficulties in meeting their financial obligations. This service caters specifically to individual producers facing financial distress, offering them financial counselling and mediation to facilitate discussions with their creditors.

grant_eligibility_criteria|who_cannot_apply

This program is designed to support farmers facing financial challenges. Specific types of companies and industries ineligible for this program are not detailed in the provided context.

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|apply

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grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • The mediation service is voluntary, private, and confidential.
  • A neutral forum is provided to facilitate discussions between farmers and creditors.
  • Two sections define the mediation options: one includes a stay of proceedings, and the other does not.
  • The majority of cases result in a signed agreement between the parties involved.
  • A qualified financial consultant is provided to assist and guide participants through the process.

Apply to this program

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