FarmCash is expanding beyond Alberta to agricultural producers in British Columbia, Saskatchewan and Manitoba starting March 15, 2021, the Alberta Wheat Commission (AWC), says in a news release on Feb. 17.
“AWC strongly believes that all western Canadian agricultural producers can benefit from the fast and efficient service that FarmCash provides,” Todd Hames, AWC chair, says in the release . “We pride the FarmCash program on continually adapting to producers’ cash flow needs and maintaining a high level of customer satisfaction.”
FarmCash is an advance payments program from the federal government which provides producers with a loan of up to $1 million with the first $100,000 interest-free and the remainder at a low interest rate of TD prime minus 0.75 per cent. The free, simple and convenient online application saves producers time, money and provides access to funds in as little as three to five business days based upon the submission of a completed application, the release notes.
Spring advances will be released starting April 1, but western Canadian producers can access and start their FarmCash applications as early as March 15. Visit FarmCashAdvance.com for more information,