Top Crop Manager

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Alberta’s FarmCash now accepting applications


September 2, 2020
By Top Crop Manager

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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.”

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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.