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FarmCash opens spring application, lowers interest rate and waives application fee

 

Posted March 16, 2020

FarmCash announced today that its spring application is now open for business with a lower interest rate than ever before. Farmers can apply today to receive funds as early as April 1 at a reduced interest rate of prime minus 0.75 per cent. FarmCash is further announcing that farmers will no longer pay a fee to apply.

Through FarmCash, Alberta producers can apply for up to $1 million with $100,000 interest free on over 50 agriculture commodities. FarmCash is a competitive cash advance option that offers an innovative application platform and exceptional customer service.

“We launched FarmCash to offer producers a competitive cash advance option, but always with their needs in mind,” says Todd Hames, Alberta Wheat Commission chair. “Our reduced interest rate is timely with the challenges farmers have faced this year, and the time saving features we offer ensure you can spend more time in the field and less time doing paperwork. FarmCash strives to make your application process as easy as possible.”

The online application accepts e-signatures, features an automatic loan calculator, and includes a document upload feature. FarmCash also offers producers the option to have a customer service representative verify priority agreements on their behalf.

“We are always listening to customer feedback and making improvements to FarmCash to better serve Alberta producers,” says Syeda Khurram, FarmCash chief operating officer. “Not only can this program help with cash-flow management, but with a reduced interest rate and waived application fee, FarmCash is further supporting farmers’ long-term profitability.”

Alberta producers interested in a fall advance through FarmCash can apply online at FarmCashAdvance.com or call 1-855-376-2274 to speak with a FarmCash representative today.

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 more information, please contact:
Syeda Khurram
FarmCash Chief Operating Officer
403-219-6264
skhurram@albertawheatbarley.com

For media inquiries, please contact:
Erin Tateson
Interim Communications Manager
Alberta Wheat and Barley Commissions
403-219-7902
etateson@albertawheatbarley.com

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