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A financial tool for all seasons of farming
Every season brings a new set of farming decisions to be made. You might refine seeding plans in spring, make unexpected repairs or purchases during the growing season, or reconsider your marketing plan at harvest to align with expected production and pricing goals. You need a financing tool that offers flexibility for your working capital needs through every season.
“We know farmers have choices when evaluating cash flow options, and if you’re not already using an Advance Payments Program cash advance, it’s definitely worth a second look,” says Dave Gallant, Director of Finance & Operations at Canadian Canola Growers Association.
“The APP cash advance was created for farm businesses of all types and sizes. It offers flexibility and cost savings, making it a valuable tool to add to any farmer’s financial toolkit.”
A cash advance from CCGA is interest-free up to $100,000, and farmers have access to up to $1 million in financing. The interest-bearing portion is charged an interest rate of prime less 0.75%. With interest rates expected to continue rising, a cash advance can be more valuable than ever.
How can you use a cash advance?
Any way you need it! Some common uses include paying for seasonal inputs, equipment repairs, maintenance on buildings and other physical assets, small asset purchases, and other operating expenses.
Why a cash advance from CCGA?
With nearly 40 years of experience Helping Farmers Succeed, CCGA strives to make the cash advance program as convenient and easy as possible for thousands of Western Canadian farmers each year. We offer:
- One-stop service for farm cash advances. CCGA offers advances on more than 50 conventional and organic commodities, including all major field crops, honey, large and small livestock, all on one application.
- Account service made simple. CCGA offers several ways to manage your advance, including our CCGA online account.
- Quick transactions through your bank. Once approved, CCGA deposits your cash advance funds directly into your bank account.
- Convenient repayment options. Farmers can choose the convenience of repaying at an authorized grain buyer when delivering grain, use repayment options available through your financial institution, or repay directly to CCGA.
“To apply, we encourage first-time customers to call us,” says Gallant. “Our team is trained to walk new applicants through every step, and get you started in as little as 20 minutes.” Returning customers can apply through their online account or by phone.
The Advance Payments Program is a federal program administered by CCGA. It offers Canadian farmers marketing flexibility through interest-free and low-interest cash advances.
Ernest and Erin, from Alberta:
Erin and Ernest used their cash advance on inputs, small equipment purchases, and salaries.
Stuart, from Saskatchewan:
Stuart used his cash advance on fertilizer, other inputs, and equipment expenses.
If you’re thinking about getting your first cash advance or have questions, call our experienced staff at 1-866-745-2256. Returning customers can also apply online.
