McCain Foods, a Canadian-based global player in prepared potato products, and Farm Credit Canada (FCC), the only lender solely invested in Canada’s agriculture and food industry, have come together with a new offering to reduce financial barriers for potato farmers who are transitioning to sustainable agricultural practices.
Smart and sustainable farming is a key pillar of McCain’s commitment to be a more environmentally conscious company, anchored on its commitment to regenerative agriculture. This initiative will assist McCain in advancing its goal to implement regenerative agricultural practices across 100% of its contract potato acreage worldwide by 2030. That said, the transition to more sustainable farming practices often requires up-front investments in new equipment and practices from farmers.
This first-of-its-kind initiative in Canada will offer financial incentives to McCain potato farmers who are at the onboarding level or higher on McCain’s Regenerative Agriculture Framework. It uses a combination of funds from FCC’s Sustainability Incentive Program and McCain to issue an annual incentive to farmers for the life of the program.
“We are proud to both reward McCain potato farmers who are leading the way on regenerative agriculture and reduce financial barriers for those who are starting their journey,” says Daniel Metheringham, VP of Agriculture at McCain. “We are working together with our growers, customers, and key stakeholders to launch a range of programs that reduce the barriers to adopting regenerative practices and ultimately build resilience on Canadian farms.”
Through its Sustainability Incentive Program, FCC customers who are McCain suppliers are eligible to receive an incentive payment for their farm sustainability efforts. The calculation will be based on a portion of their total owing for eligible lending with FCC to a maximum payment of $2,000 a year. Participating McCain potato growers will also receive free access to FCC AgExpert farm management software for a year.
“Canadian agriculture producers care about their operations and are continuously evolving their production practices to ensure the long-term sustainability of their farms,” says Curtis Grainger, FCC’s Director of Lending Products and Sustainability Programs. “FCC is committed to joining them on that journey and we are working with others in the industry to find ways to support them."
Through this offer, McCain will add to the FCC incentive paid to its potato farmers, based on where the farmers are in their journey on McCain’s Regenerative Agricultural Framework.
Regenerative agriculture is an ecosystem-based approach to farming that aims to improve farmer resilience, yield and quality by restoring soil health, enhancing biodiversity and reducing the impact of synthetic inputs.
For more information: 
McCain Foods
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mccain.com