The FarmCash Advance Payments Program is expanding beyond Alberta and will be available to agricultural producers in British Columbia, Saskatchewan and Manitoba beginning next month.
A federal loan program administered by the Alberta Wheat Commission (AWC), FarmCash provides producers with up to $1 million, with the first $100,000 interest-free and the remainder at a low interest rate of TD prime minus 0.75%. The program was initially launched in Alberta in the fall of 2018, but interest from producers in other western provinces has now led to its expansion.
The free, simple and convenient online application saves producers time, money and provides access to funds in as little as three to five business days based upon the submission of a completed application, according to a AWC release.
While spring advances will be released starting April 1, 2021, western Canadian producers can access and begin their FarmCash applications as early as March 15. Producers can visit FarmCashAdvance.com to learn more.
“AWC strongly believes that all western Canadian agricultural producers can benefit from the fast and efficient service that FarmCash provides,” said Todd Hames, AWC chair. “We pride the FarmCash program on continually adapting to producers’ cash flow needs and maintaining a high level of customer satisfaction.”
Source: DePutter Publishing Ltd.
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