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Business Management
Alberta’s FarmCash now accepting applications
September 2, 2020 By Top Crop Manager
FarmCash is now accepting applications for the post-harvest fall advance. Alberta producers of over 50 agricultural commodities – including crops, livestock and honey – can apply for free through a simple online application and receive funds in three to five business days following submission of their application.
The FarmCash fall advance application period comes after a mixed growing season, leaving many producers contemplating business management tools that could improve their long-term profitability. With FarmCash, producers may be eligible to receive cash advances up to $1 million, with the first $100,000 interest-free and the remainder at an interest rate of TD Prime minus 0.75 per cent.
“FarmCash is more than a cash advance to get above the red line during unforgiving seasons. It allows producers to invest long-term into their crops, farms and herds,” says Todd Hames, Alberta Wheat Commission chair. “FarmCash provides opportunities that set the stage for success through strategically planning input investments.”
The online application is designed for efficiency, with features like the ability to accept e-signatures, an automatic calculator and a document upload feature. FarmCash also has a dedicated and knowledgeable support team available five days a week via phone or email.
“We are extremely proud to offer this program to Alberta producers and provide them with a cash flow tool they can use to improve their long-term profitability, leverage the best market price and even enhance their land value,” says Syeda Khurram, chief operating officer of FarmCash.
FarmCash is a competitive Advance Payments Program option under Agriculture and Agri-Food Canada. The Advance Payments Program is a federal loan program administered by the Alberta Wheat Commission. It offers Canadian farmers marketing flexibility through interest-free and low interest cash advances.
Alberta producers interested in a fall advance through FarmCash can apply online at farmcashadvance.com or call 1-855-376-2274 to speak with a FarmCash representative today.
