Farm Credit Canada says it plans to help its farmer clients in Atlantic Canada work around financial pressures following Hurricane Dorian’s passage through the region over the weekend.
“We won’t know the full extent of damage for some time, but we’ve already heard that some customers will likely be facing some financial hardship as a result of Dorian’s damaging winds and heavy rainfall throughout the region,” Faith Matchett, FCC’s vice-president of operations for Atlantic Canada, said in a release Monday.
“First, we want everyone to know that we are thinking of them in this challenging time,” she said. “We also want our customers to know we will work with them to find solutions to any short-term financial pressure they may face as a result of this storm.”
Specifically, FCC said it will “work with customers to come up with solutions for their operations on a case-by-case basis,” as it generally does in areas where farmers are facing weather-related forces majeures.
The federal farm lending agency said it would consider deferral of principal payments and/or other loan payment “schedule amendments” to reduce financial pressures caused by the storm.
On Prince Edward Island, it’s already known that “some farmers and fishers are dealing with damages, some significant to infrastructure, boats and crops,” provincial officials said Monday in a separate release.
Government offices were “delayed” in opening until noon Monday, the province said, adding that the “majority” of provincial roads have been cleared of debris.
In Nova Scotia, provincial offices where electricity is available are to open Tuesday, officials said Monday. Members of the public should call in advance to confirm if a particular office is open, the province said.
“We’re seeing that communities and people were prepared,” Greg MacCallum, director of the New Brunswick Emergency Measures Organization, said in a release Sunday.
“We continue to ask for the public’s co-operation. Many people are out today clearing up the mess. In case of power outages, residents are encouraged to check on their neighbours, particularly the elderly, who may require assistance.”
NB Power advised residents to stay away from areas where trees are in contact with power lines or blocking roads, adding that residents should not prune or remove trees hung up on power lines. — Glacier FarmMedia NetworkTagged Atlantic Canada, damages, Dorian, electricity, Farm Credit Canada, Hurricane, loans, new brunswick, Nova Scotia, power, Prince Edward Island, rainfall, repayment, roads, winds