Interest rates are going up. Now what?

As if agricultural producers needed another challenge to deal with, interest rates continue to climb. And as securing farm financing is imperative to growing farm operations, producers are feeling the pinch. How can you, a producer, mitigate this? Now more than ever, producers should use low-interest and interest-free financing to manage their cash flow, purchase inputs and prepare for the upcoming production year.

With the increase to the interest-free limit of $250,000 that came into effect on June 23, 2022, there has never been a better time to try FarmCash. And for producers returning to FarmCash, there has never been an easier time to apply with the new streamlined online application and auto-fill feature.

FarmCash strives to provide a quick and painless Advance Payment Program experience from application to repayment. No matter which convenient avenue you use to apply, you can expect to receive your advance in as little as three to five days.

Interest savings are just one of the ways FarmCash can improve your farm’s profitability compared to other forms of financing, and the benefits are compounded based on how you use your advance. FarmCash lets you drive your financial tractor, so to speak. You get to decide where you want to steer your farm’s future and direct your operations. This fall, you might want to purchase your crop and livestock inputs ahead of when you did last year, or snag that new piece of equipment you’ve been considering when it pops up on Marketplace.

FarmCash can work for you if you raise cattle near Maple Creek, Saskatchewan, farm canola in Wetaskiwin, Alberta, or wheat in Virden, Manitoba. As always, there are no fees to apply to FarmCash and you don’t need to leave your farm. If you have any questions about the process or program a member of our team is a friendly phone call away.

Apply for up to $1 million with the first $250,000 interest-free and the remainder at TD prime minus 0.75 per cent.

Interest Rates are Going up. Now What?

As if agricultural producers needed another challenge to deal with, interest rates continue to climb. And as securing farm financing is imperative to growing farm operations, producers are feeling the pinch. How can you, a producer, mitigate this? Now more than ever, producers should use low-interest and interest-free financing to manage their cash flow, purchase inputs and prepare for the upcoming production year.

With the increase to the interest-free limit of $250,000 that came into effect on June 23, 2022, there has never been a better time to try FarmCash. And for producers returning to FarmCash, there has never been an easier time to apply with the new streamlined online application and auto-fill feature. FarmCash strives to provide a quick and painless Advance Payment Program experience from application to repayment. No matter which convenient avenue you use to apply, you can expect to receive your advance in as little as three to five days.

Interest savings are just one of the ways FarmCash can improve your farm’s profitability compared to other forms of financing, and the benefits are compounded based on how you use your advance. FarmCash lets you drive your financial tractor, so to speak. You get to decide where you want to steer your farm’s future and direct your operations. This fall, you might want to purchase your crop and livestock inputs ahead of when you did last year, or snag that new piece of equipment you’ve been considering when it pops up on Marketplace.

FarmCash can work for you if you raise cattle near Maple Creek, Saskatchewan, farm canola in Wetaskiwin, Alberta, or wheat in Virden, Manitoba! As always, there are no fees to apply to FarmCash and you don’t need to leave your farm. If you have any questions about the process or program a member of our team is a friendly phone call away.

Apply for up to $1 million with the first $250,000 interest-free and the remainder at TD prime minus 0.75 per cent.

Important Dates

• Now until April 1, 2023: Apply for a Post-Harvest Advance.

• December 31, 2022:

Last date to transfer an Actual Honey Production, Spring

Livestock, or Actual Seeded Advance.

• December 31, 2022: Last date to repay an Actual Honey Production, Spring Livestock, or Actual Seeded Advance without transfer.