- Step 1. What this service offers
- Step 2. Eligibility
- Step 3. Before you apply
- Step 4. How to apply
- Step 5. Complete the application and apply
- Step 6. After you apply
- Information for creditors
- Contact information
Step 1. What this service offers
Intake period: Open
The Farm Debt Mediation Service offers free financial support for farmers, such as financial counselling and mediation, to help those 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.