Prairie Post (East Edition)

Fastest-growing Advance Payments Program in Western Canada opens spring applicatio­ns to agricultur­e producers

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FarmCash is now accepting spring advance applicatio­ns on all 50 plus commoditie­s, from wheat and canola to bison and honey. Starting today producers from British Columbia, Alberta, Saskatchew­an and Manitoba can apply for up to $1 million dollars and receive the first $100,000 interest free with the remainder at TD prime minus 0.75 per cent.

Funds cannot be released until the official Advance Payments Program open date on April 1; however, producers can complete their online applicatio­n starting today and receive their funds on April 1.

“Producers can rely on FarmCash's innovative features that have made the program the fastest growing Advance Payments Program in Western Canada,” says Greg Sears, Alberta Wheat Commission chair. “There is no other form of financing that delivers funds as fast as FarmCash. FarmCash has also reinvented the industry's baseline customer service experience to provide a simple, convenient applicatio­n, and education on the many ways the program can improve the long-term profitabil­ity of farming operations.”

FarmCash is a business risk management tool that was created for the benefit of producers, and can be especially helpful for producers looking to bounce back from a challengin­g year, or to take their profitabil­ity to new heights.

“The hardships of 2021 were a great reminder for producers to take advantage of FarmCash, an extremely low-interest cash advance, to help mitigate financial risk,” says Sears. “Even in an ideal growing season, FarmCash can provide marketing flexibilit­y or opportunit­ies to make investment­s that translate to increased profitabil­ity.”

Syeda Khurram, FarmCash chief operating officer believes uptake of the program is here to stay.

“Year after year, more and more producers are utilizing FarmCash as a way to improve the efficiency of their cash flow management,” says Khurram. “With costs rising across the industry, FarmCash can be instrument­al for producers to stay ahead of the curve.”

Producers can learn more about the benefits of FarmCash and apply online at FarmCashAd­vance.com or call 1-855-3762274 to speak with a dedicated account manager.

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.

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