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Across Western Canada

Alberta Wheat Commission expands Advance Payments Program

Feb 18, 2021 | 11:28 AM

The Alberta Wheat Commission is making the FarmCash Advance Payments Program available to agriculture producers across Western Canada.

The program will be available in B.C., Saskatchewan and Manitoba beginning March 15.

“AWC strongly believes that all western Canadian agricultural producers can benefit from the fast and efficient service that FarmCash provides,” says 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.”

FarmCash provides producers 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 per cent. 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.

Applications can be made starting March 15 and the advances will be released starting April 1.

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.