Business & Policy
Cash advance applications now available from CCGA
By Top Crop Manager
Farmers can now submit their cash advance applications for the 2018-19 Advance Payments Program through the Canadian Canola Growers Association (CCGA). This year, CCGA is providing farmers with the earliest ever pre-application period as well as a reduced administration fee.
Through CCGA, farmers can access advances on 45 field crop and livestock commodities. Farmers can apply for a cash advance of up to $100,000 interest-free and an additional $300,000 at prime. Combined, that amounts to $400,000 at a blended interest rate of below prime.
Farmers wanting to apply for a cash advance are encouraged to call CCGA’s Winnipeg office at 1-866-745-2256 to apply over the telephone. They can also download an application form from CCGA’s website.
For farmers who have short-term financing needs, CCGA will continue processing applications for the 2017-18 cash advance program through March. The final date CCGA can issue an advance under the current program is March 31, 2018, and the deadline for repayment on a 2017-18 grain advance is September 30, 2018. | READ MORE