Bank of Montreal is offering a financial relief program for Canadian farmers
The Bank of Montreal has loosened its loan terms for farmers dealing with the current grain backlog.
Regional Vice-President Mike Darling says the company wants to make sure farmers in the prairies and western Canada have enough cash flow to make it through.
“You know, farming is tough business on a good day, we have a lot of farmers in western Canada and we like to see them succeed , and just want to be there to help.”
Customers can defer loan payments or temporarily increase their operating line by contacting their local branch.