Business & Policy
Western Canadian ag producers can receive funds on spring FarmCash advances
April 3, 2023 By Top Crop Manager
As of April 1, agricultural producers in British Columbia, Alberta, Saskatchewan and Manitoba can receive their spring FarmCash advance of up to $1 million with the first $250,000 interest-free and take advantage of opportunities to grow their farms.
While spring applications opened in February, April 1 marked the official launch of the new federal Advance Payments Program year, allowing for the release of funds to producers who submitted their applications.
FarmCash, under the care of the Alberta Wheat Commission, continues to provide agricultural producers with access to low-interest (TD prime minus 0.75 per cent) or no-interest cash flow in as few as three to five days, along with responsive and knowledgeable customer service.
“The Alberta Wheat Commission (AWC) is proud to administer FarmCAsh as a service to agricultural producers that allows them to mitigate some of the challenges of modern-day farm financing,” says AWC chair and crop producer near Sexsmith, Alta., Greg Sears.
“Recently, farmers have taken hits to their bottom line through higher interest rates and volatility in farm input prices. With FarmCash producers can count on receiving the lowest lending rate available and having access to cash flow for their farm quickly and easily”.
With FarmCash, producers can use the funds to grow their farms by acting as a bridge gap to purchase crop and livestock inputs, make equipment purchases or even to realize interest savings by paying off their lines of credit.
Visit FarmCashAdvance.com for more information.