Over the Labour Day long weekend, the FarmCash cash advance program opened the 2019 fall application period. As of September 1, Alberta producers can apply online through FarmCash for a fall advance on over 50 agricultural commodities. FarmCash is offered through the Advance Payments Program of Agriculture and Agri-Food Canada (AAFC).
The FarmCash fall application offers Alberta producers up to $1 million in cash advances, with the first $100,000 interest-free on all commodities and $500,000 on canola advances for the 2019 program year. Additionally, FarmCash offers a competitive interest rate of prime minus 0.50% on the remaining balance. Go to the FarmCash website for more information.