Rabobank expanding Canadian lending business
The company now offers lending and financial services to farmers, ranchers and primary producers.
January 13, 2023 By Rabobank
Rabobank, a food and agribusiness financing company, has announced an expansion plan to Canada offering lending to primary producers.
“We are excited to offer financial solutions directly to Canadian agricultural producers,” said Paul Beiboer, Rabobank North America CEO. “With 25 years of experience in the Canadian food and agriculture sector, we’ve gained a deep understanding of the marketplace and how Rabobank can best serve Canada’s leading growers.”
By expanding its product line, Rabobank Canada will now offer innovative financing, risk management, and partnership solutions specifically designed to address the complex needs of agricultural producers today.
Rabobank Canada opened in 1997 as a corporate bank. Today, Rabobank Canada and Rabo Securities Canada offer loans, access to debt capital markets, asset-based financing, securitizations, private placements, mergers and acquisitions services and risk management products for clients across the entire food and agribusiness value chain.
Expanding Rabobank Canada’s product portfolio to include farm lending has been an ongoing project for nearly three years. All national and provincial regulatory compliance and licensing requirements have been met and the team is looking toward the next steps.
With more than 43 million hectares of arable land, Canada is essential to meeting global demand for food and eliminating food insecurity. Already today, Canada is the world’s fifth-largest exporter of agricultural products and the government recently adopted a trade target of 75 billion CAD by 2025.
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