Cash advance program accepting fall applications
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LETHBRIDGE, AB. — Farmers experiencing a cash flow crunch have another option available to them.
FarmCash is accepting applications for post-harvest, fall livestock and actual honey production advances. Producers of over 50 agriculture commodities in British Columbia, Alberta, Saskatchewan, and Manitoba can apply using the online application and receive funds in as little as three to five business days.
The Advance Payments Program is a federal loan program administered by the Alberta Wheat Commission. Chair Todd Hames said it offers Canadian farmers marketing flexibility through interest-free and low-interest cash advances.
“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,” Hames said. “Producers need access to tools like FarmCash to mitigate the inevitable risks of farming.”
