Alberta Wheat steps into the cash advance arena with FarmCash

The Canadian Wheat Board (CWB) used to be a big player in the field of offering government-backed cash advances. The changes to the CWB’s structure and its transition to a private company created an administrative vacuum which 30 or so other groups that currently offer the cash advance have been working to fill.

Recently, another organization stepped in to help fill the void, as the Alberta Wheat Commission (AWC) launched the FarmCash cash advance program.

“We started this journey three years ago when a couple of producers started talking about the cash advance and if there was any possibility to have another option in the marketplace within Alberta,” says Syeda Khurram, CFO of AWC, and chief operating officer of the new FarmCash cash advance program.

Of course Alberta Wheat did not simply go into this blindly. They needed to make sure this was an option that farmers needed, and that it would be viable. “We went though a very strong due diligence process where we formed a producer focus group led by the producers and did a lot of analysis,” says Khurram

There has been a vey strong uptake in Alberta for the federal cash advance over the years. Khurram says that as much as 30 percent of the current applicants come from that province. What is exciting about AWC’s FarmCash program is that almost 25 percent of their applicants are new to the cash advance program.

Hear the entire interview with Syeda Khurram, chief operating officer with FarmCash, below.

Leave a Reply

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Privacy Preference Center

Necessary

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

gdpr, __cfduid, PHPSESSID, wordpress_test_cookie, woocommerce_items_in_cart, woocommerce_cart_hash, wp_woocommerce_session, wordpress_logged_in, wordpress_sec, wp-settings, wp-settings-time, __cf_mob_redir, wordpress_cache
__cfduid

Marketing

Measuring interactions with the ads on the domain.

__gads,fsk_ut_2317
scmtid,v,a,JSESSIONID
IDE

Statistics

These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.

_ga,_gid,_gat,_cb,_chartbeat2,_chartbeat4
_ga,_gat
_ga,_gid
metrics_token

Preferences

Preference cookies enable the website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

chartdefaults, comment_author, comment_author_email, comment_author_url
JSESSIONID, _os_session,anonymous_votes,csrf-param,csrf-token,user,user-id,user-platform,intercom-session,intercom-lou,intercom-session
personalization_id, tfw_exp