Prairie Post (West Edition)

FarmCash opens fall advance applicatio­ns to western Canadian producers


Starting Sept. 1, FarmCash is accepting applicatio­ns for post-harvest, fall livestock and actual honey production advances. As this date marks the official opening date of the fall applicatio­n period for the Advance Payments Program, producers in British Columbia, Alberta, Saskatchew­an and Manitoba of over 50 agricultur­e commoditie­s can apply using FarmCash’s free, simple online applicatio­n and receive access to funds in as little as three to five business days.

Following a challengin­g growing season for producers, choosing the right cash flow tool that can support them and reduce their financial pressure has become more important than ever before. With FarmCash, producers can apply for up to $1 million and receive the first $100,000 interest free and the remainder at an ultra-low interest rate of TD Prime minus 0.75 per cent.

“We are hearing from producers that the enhancemen­ts to the FarmCash program over the last several years couldn’t have come at a better time,” says Todd Hames, Alberta Wheat Commission chair. “Producers need access to tools like FarmCash to mitigate the inevitable risks of farming. FarmCash’s dedication to providing cost savings to producers across Western Canada, along with providing streamline­d applicatio­ns and processing, are features that are really appreciate­d and needed.”

Now in its fourth year available to Alberta producers and its first fall applicatio­n offering for producers in British Columbia, Saskatchew­an and Manitoba, the FarmCash slogan “Cash flow to help you grow” is resonating with western Canadian producers as the program experience­s high demand.

“Farming is all about long term investment, cash flow management throughout the cycles of the production year, and ensuring you have safety nets to navigate the risks connected to the nature of the business,” says Syeda Khurram, chief operating officer of FarmCash. “We are pleased to support the profitabil­ity of western Canadian agricultur­e producers through FarmCash, which allows them to grow their businesses through the good and bad years.”

Producers interested in applying for a FarmCash fall advance can visit FarmCashAd­ or call 1-855-376-2274 to speak with a friendly and knowledgea­ble FarmCash representa­tive.

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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