The fall application window for the FarmCash cash advance program is now open, a Sept. 5 news release from Alberta Grain said. The program allows producers to apply for an advance of up to $1 million and receive the first $350,000 interest-free.
“This fall is an excellent time for producers to switch their farm financing to FarmCash and receive the first $350,000 interest-free,” Tara Sawyer, Alberta Grains interim chair, said in the release. “Alberta Grains is proud to administer the FarmCash program to give producers a leg up on their farming operation’s profitability, which is in demand after this season’s tough growing conditions.”
The release noted FarmCash offers producers the remainder of the advance at one of the lowest lending rates available across administrators, TD prime minus 0.75 per cent, providing producers with further interest savings post-harvest and throughout the calendar year. The program is available for commodities such as grain, field crops, honey and many types of livestock.
For more information on the program and to apply visit the FarmCash website.
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