The Canadian Canola Growers Association (CCGA) is now accepting applications for its 2019 Cash Advance Program.
“Farmers anxious to complete their advance application before seeding have been contacting us,” says Rick White, CEO of CCGA. “Having our application form ready well in advance of the April 1st program start date is just one way our team is enhancing cash advance services for Western Canadian farmers.”
New this year, farmers who take out an interest-bearing advance will benefit from a reduced interest rate below prime. CCGA has also expanded its advance offering with four new organic grains including wheat, oats, peas and flax.
Farmers can access advances on nearly 50 field crop and livestock commodities, for a cash advance of up to $100,000 interest-free and an additional $300,000 at prime less 0.5%.
The first advances will be issued on April 1, 2019
CCGA will also continue to process applications for the 2018-19 program through the month of March.