Manitoba Crop Alliance has received approval to start issuing cash advances on winter wheat and fall rye planted this year through the Advance Payments Program, the organization announced October 26.
Manitoba Crop Alliance has administered Agriculture and Agri-Food Canada’s Advance Payments Program since the amalgamated group officially formed in August.
The Advance Payments Program offers Canadian farmers interest-free and low-interest cash advances. Under the program, eligible farmers are eligible for up to $1,000,000 with the Government of Canada paying the interest on the first $100,000 of the advance.
Funds can be issued in three to five business days once the application process is complete, the Manitoba Crop Alliance said.
“Manitoba Crop Alliance provides quick, courteous service when farmers apply for and manage their APP cash advance,” said Fred Greig, MCA chair. “When a farmer phones or emails the MCA office, they will be speaking with staff who know the program and can provide answers to any questions farmers have.”
Manitoba Crop Alliance continues to process applications for the 2020 program year on over 35 crop varieties including honey.