More than 10,000 farmers use a cash advance. Find out why

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Your farm works best when you have the right tools for the job. Having the right financial tool to serve your working capital needs this growing season also sets your farm up for success.

An Advance Payments Program cash advance from Canadian Canola Growers Association is designed for farmers, giving you flexibility in how it’s used and saving you money with no-interest and low-interest financing.

Interest savings

A 2024 APP cash advance offers up to $1 million in financing, with the first $250,000 interest-free and the rest at an interest rate below prime.

“If farmers are borrowing money, it’s a smart decision to do it at the lowest cost,” says Dave Gallant, Vice-President of Finance & APP Operations at CCGA.

“With prime rate currently over 7%, and lending rates running above that for most farms, a cash advance can save farm businesses from $18,000 to $30,000 per year, depending on the size of the advance and comparative interest rates.”

Designed for farmers

Cash advances give you flexibility to plan, adapt, prepare, or respond to challenges and opportunities the year throws your way. Put one to work in whatever way works best on your farm – finance your spring operating costs, buy fuel, fertilizer, or feed, make necessary equipment repairs, or complete maintenance and upgrades.

“With financing available on more than 50 commodities including crops, livestock, and honey, a cash advance can benefit all kinds of farms,” says Gallant. “And for young and new farmers, it offers accessible financing with minimal collateral requirements.”

Helping Farmers Succeed

More than 10,000 Western Canadian farmers rely on APP cash advances for financing every year, trusting CCGA’s four decades of experience.

CCGA offers service and guidance from a team of experts, online account management, direct deposit, and convenient repayment options.

CCGA’s team makes it easier to apply. New customers can call
1-866-745-2256. Returning customers can call or apply online.

Visit CCGA’s website to learn more.

The Advance Payments Program is a federal loan program administered by Canadian Canola Growers Association. It offers Canadian farmers marketing flexibility through interest-free and low-interest cash advances.

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