The Manitoba Crop Alliance (MCA) is now accepting applications for the 2022 Advance Payments Program (APP), with funds to be issued starting April 1, 2022.
MCA is one of the commodity groups that administers the AAFC program that provides no- and low-interest cash advances to ease cash flow on farms.
“The APP is a valuable resource for farmers across Manitoba,” said Pam de Rocquigny, CEO of MCA, in a prepared release. “We are proud to provide personalized, friendly, small-town service to all our APP clients to make their experience with the program as smooth as possible.”
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MCA provides cash advances on over 35 different crop kinds, including cereals, grain corn, oilseed crops, pulses, speciality crops, hay and grasses, and honey. Farmers can access up to $1 million per program year in advances based on the value of their agricultural product.
AAFC pays the interest on the first $100,000 advanced to a producer. For interest-bearing cash advances, MCA’s interest rate is competitive with major banks and credit unions.
“As an APP administrator for more than 40 years, MCA is committed to offering the exceptional level of service our clients have come to expect,” said de Rocquigny.
More information about the APP – including 2022 application forms, rates and fees, and important dates and deadlines – can be found online at mbcropalliance.ca.
