A financial tool for all seasons of agriculture
Each season brings a new set of farming decisions to make. You can refine spring planting plans, make unexpected repairs or purchases during the growing season, or reconsider your marketing plan at harvest to align with expected production and price goals. You need a financing tool that provides flexibility for your working capital needs every season.
“We know farmers have a choice when evaluating cash flow options, and if you’re not already using an Advance Payments Program cash advance, it’s definitely worth checking out. eye,” says Dave Gallant, director of finance and operations at the Canadian Canola Growers Association.
“The APP Cash Advance was created for agricultural businesses of all types and sizes. It offers flexibility and cost savings, making it a valuable tool to add to any farmer’s financial toolbox.
A CCGA cash advance is interest-free up to $100,000, and farmers have access to financing of up to $1 million. The interest-bearing portion is subject to prime interest less 0.75%. With interest rates set to continue to rise, a cash advance can be more valuable than ever.
How can you use a cash advance?
Whichever way you need it! Some common uses include payment for seasonal inputs, equipment repairs, maintenance of buildings and other physical assets, purchases of small assets, and other operating expenses.
Why a CCGA Cash Advance?
With nearly 40 years of successful farmer experience, CCGA strives to make the cash advance program as convenient and easy as possible for thousands of western Canadian farmers each year. We offer:
- One-stop shop for farm cash advances. CCGA offers advances on over 50 conventional and organic products, including all field crops, honey, large and small livestock, all on one app.
- Simple reporting service. The CCGA offers several ways to manage your advance, including our online CCGA account.
- Fast transactions through your bank. Once approved, CCGA deposits your cash advance funds directly into your bank account.
- Convenient refund options. Farmers can choose the convenience of reimbursing to an authorized grain buyer upon grain delivery, using the reimbursement options available through your financial institution, or reimbursing directly to the CCGA.
“To apply, we encourage new clients to call us,” says Gallant. “Our team is trained to guide new candidates through every step and help you get started in as little as 20 minutes.” Returning customers can apply through their online account or by phone.
The Advance Payments Program is a federal program administered by the CCGA. It provides Canadian farmers with marketing flexibility through low-interest, no-interest cash advances.
Ernest and Erin, from Alberta:
Erin and Ernest used their cash advance on inputs, purchases of small equipment and salaries.
Stuart, from Saskatchewan:
Stuart used his cash advance on fertilizers, other inputs, and capital expenditures.
If you’re considering getting your first cash advance or have questions, call our experienced staff at 1-866-745-2256. Returning customers can also apply online.
