By: Mike Su, Local Journalism Initiative Reporter, Tilbury Times Reporter
Farm Lending Canada (FLC) has announced a new commercial arrangement with BMO to support its AgriRoots Diversified Lending Fund LP, a fund that manages a portfolio of real estate-secured mortgages with a focus on agricultural assets.
“We’re thrilled that BMO has joined our network of supporters who have placed their trust in our fund and our goal to support Canadian agriculture by providing options for securing alternative capital for farms and agri-businesses,” Robb Nelson, CEO of Farm Lending Canada, said in a release.
“Having versatile and sustainable financing choices is critical for a healthy future for Canadian farmers,” Nelson said.
FLC manages the AgriRoots Diversified Lending Fund LP, an exempt market investment available to accredited and eligible investors through the AgriRoots Diversified Lending Trust. Investors can participate in both registered and non-registered funds.
“There are tremendous opportunities for investors in the Canadian agricultural space,” Nelson added. “At the same time, you are helping to serve growth and expansion in one of Canada’s most important sectors.”
The partnership with BMO is expected to significantly expand the fund’s footprint in the Canadian alternative agricultural mortgage market in 2025, supporting FLC’s mission to promote sustainability and long-term growth for farmers transitioning to conventional lending facilities.
Founded in 2019, Farm Lending Canada provides tailored mortgage solutions to Canadian farmers and supports rural communities and agricultural businesses nationwide.
BMO Financial Group, North America’s eighth-largest bank by assets, reported total assets of $1.41 trillion as of Oct. 31, 2024. With a 200-year history, BMO serves more than 13 million customers in Canada, the United States and selected global markets, offering a comprehensive range of banking and investment services.
