More western Canadian farmers are signing on to FarmCash to meet their short-term needs and enhance their long-term profitability.
The program is the same across all four western provinces, with a value proposition based on a high level of customer service, ease of use through the online application form, and a quick turnaround time of advancing funds within three to five business days from receiving a completed application.
Spring is a time of renewal and optimism on the farm, but there are also many unknowns that lie ahead for 2021.
With the average age of Canadian farmers closing in on 60, succession planning is top-of-mind for a huge and growing number of Canadian farm families.
FarmCash is much more than a bridge which provides flexible cash-in-hand before a season’s payments actually roll in. In fact, FarmCash can have a very major positive impact on your farm’s long-term financial health and sustainability.
A loan is an investment tool that producers can leverage to drive healthy growth for their farm and meet goals efficiently whereas exhausting cash can negatively impact farm working capital.
Farmers can enhance the value of their farmland by adopting management practices that will yield the greatest possible returns and maintain the long-term financial sustainability of their farm.
Farming is an intensive business that requires continual investment to maintain the depreciated value of the farm and its assets. Good debt is a critical tool to achieve business goals efficiently.
Farming has all kinds of ‘only in farming’ budgeting and cash flow management challenges. Among the hardest is the awkward financial hiccup that hits many farm businesses around harvest.
A made-in-Alberta farm business tool offers low interest rates, improved profitability, increased marketing opportunities, simple administration and efficient customer service.
The Advance Payments Program offers low-interest cash advances of up to $1 million, with $100,000 interest-free, for up to 18 months on crops and 24 months on livestock. That’s it — no strings, catches or limitations.
In order for a producer to be prepared for variability in market prices and production that could shrink their net profit margins, good cash flow planning with realistic projections are key.