- 1. What this service offers
- 2. Eligibility
- 3. Before you apply
- 4. How to apply
- 5. Complete the application and apply
- 6. After you apply
- Information for creditors
- Contact information
1. What this service offers
Intake period: Open
The Farm Debt Mediation Service offers free financial services, such as financial counselling and mediation, to farmers who are having difficulties meeting their financial obligations. It is a voluntary, private and confidential service that brings producers and their creditor(s) together with a mediator in a neutral forum to reach a mutually acceptable solution.
The majority of cases that have gone through the mediation process have resulted in a signed arrangement between farmer and creditor(s).
The Farm Debt Mediation Service offers 2 options:
- Financial counselling and mediation with a stay of proceedings 5(1)(a): This option includes a temporary halt on legal actions by creditor(s) while mediation is ongoing
- Financial counselling and mediation without a stay of proceedings 5(1)(b): This option does not include a halt on legal actions, but still provides a platform for mediation between the farmer and creditor(s)
A qualified financial consultant will be assigned to work with you throughout the mediation process.
Once the financial consultant has helped you develop a recovery plan, a meeting will be arranged with you, your creditor(s) and a mediator.