Bank of Montreal is introducing a new lending product called Agri ReadiLine, which provides farmers with ready-access to funds without the need to reapply for loans throughout the year, the bank said Tuesday.
“At this time of year farmers are getting ready for the growing season. They are looking at funding alternatives that best suit their needs now and in the future,” says David Rinneard, national manager, agriculture.
“We are making financing easier to obtain and manage for both new and existing customers. Whether it’s for the ongoing operation of your farm, purchase of equipment or quota, barn expansions or the purchase of land our new Agri ReadiLine product is a complete lending solution.”
“In 2009, the Canadian agricultural sector should sustain output growth throughout the year due to good demand and price prospects, along with productivity gains,” says Kenrick Jordan, senior economist, BMO.
IE
Bank of Montreal offers farmers easier access to credit
- By: IE Staff
- March 31, 2009 March 31, 2009
- 11:07
IE Staff