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Posted February 17, 2021
The Alberta Wheat Commission (AWC) is pleased to announce the FarmCash Advance Payments Program is expanding beyond Alberta and will be available to agricultural producers in British Columbia, Saskatchewan and Manitoba beginning March 15, 2021.
Since its inaugural offering in the fall of 2018, FarmCash has been providing Alberta producers of over 50 agricultural commodities – including all major crops, livestock and honey – another competitive option to manage their operation’s cash flow.
“AWC strongly believes that all western Canadian agricultural producers can benefit from the fast and efficient service that FarmCash provides,” says Todd Hames, AWC chair. “We pride the FarmCash program on continually adapting to producers’ cash flow needs and maintaining a high level of customer satisfaction.”
FarmCash provides producers 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.
“FarmCash is more than just a cash advance. It’s a tool that helps producers meet their short-term cash flow needs and enhances their long-term profitability,” says Syeda Khurram, FarmCash chief operating officer. “FarmCash takes that extra step by educating producers on the various ways they can utilize this effective tool to benefit their operation.”
While spring advances will be released starting April 1, 2021, western Canadian producers can access and begin their FarmCash applications as early as March 15. Visit FarmCashAdvance.com today to learn more.
The Advance Payments Program is a federal loan program administered by the Alberta Wheat Commission. It offers Canadian farmers marketing flexibility through interest-free and low interest cash advances.
For media inquiries, please contact:
Marketing Communications Coordinator
Alberta Wheat and Barley Commissions
For more information, please contact:
FarmCash Chief Operating Officer
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