October 19th, 2020

Area groups receive Farm Credit Canada funding


By Jensen, Randy on September 10, 2020.

LETHBRIDGE HERALD

Three groups from southern Alberta are the recipients of funding supplied through Farm Credit Canada.

In total, FCC is contributing $1.5 million to 92 community projects across Canada, including $264,000 to 15 rural capital projects in Alberta.

“The FCC AgriSpirit Fund supports rural communities at the heart of Canadian agriculture,” said Sophie Perreault, FCC executive vice-president and chief operating officer, in a news release. “We are honoured to support the projects that help keep these communities as vibrant hubs for rural Canadians.”

This year, the FCC AgriSpirit Fund awarded between $5,000 and $25,000 for community improvement projects that enhance the lives of rural residents. Examples include capital expenditures on equipment purchase and installation, energy-efficient building improvements and repairs, and the purchase of rescue and fire equipment.

Over the past 17 years, the FCC AgriSpirit Fund has supported 1,356 projects, an investment of $16.5 million.

The next application period opens March 1, 2021. Registered charities, municipalities and non-profit organizations interested in funding can visit http://www.fccagrispiritfund.ca for eligibility requirements, to apply online and view past projects.

Southern Alberta funding recipients include:

– Town of Taber, $25,000 for the purchase and installation of new LED lighting fixtures in the Town facility;

– Foremost Sage Club, $19,000 to purchase and install LED lights in its entire facility; and

– Pass Powderkeg Ski Society, $15,000 to purchase and install a new furnace, renovate washroom facilities and repair plumbing at the ski lodge in Blairmore.

FCC is Canada’s leading agriculture and food lender, with a healthy loan portfolio of more than $38 billion. Its employees are dedicated to the future of Canadian agriculture and food, providing flexible, competitively priced financing, management software, information and knowledge specifically designed for the agriculture and food industries. As a self-sustaining Crown corporation, FCC provides an appropriate return to its shareholder, and reinvests its profits back into the industries and communities it serves. For more information, visit fcc.ca.

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