(Screengrab from Merit Functional Foods video via YouTube)

Merit Foods pays off operating lender, no deal yet for plant

Plant-based protein processor in receivership since March

A Winnipeg pea and canola protein processor in receivership since this spring remains mothballed for now with no firm buyer — but has paid off one of its three secured creditors. Merit Functional Foods, which entered receivership March 1 after just two years’ operation, has sold all its remaining finished and raw inventory and directed […] Read more

(Dave Bedard photo)

FCC offers new credit line against ‘current economic environment’

Ag lender to waive loan processing fees

Farm Credit Canada’s recent outreach to specific agrifood sectors hit by unusual environmental conditions has now extended to those hit by the broader “economic environment.” The federal ag lender on Tuesday said it will offer an unsecured credit line of up to $500,000 with loan processing fees waived, “to help producers, agribusinesses and agri-food operations […] Read more