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MCA begins issuing cash advances on this season’s winter cereals

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Manitoba Crop Alliance will begin issuing cash advances on winter wheat and fall rye planted fall 2021 through Agriculture and Agri-Food Canada’s Advance Payments Program, the organization announced October 12. The Advance Payments Program is a federal loan program administered by the Manitoba Crop Alliance. Under the program, eligible farmers are eligible for up to
Manitoba farmers are seeing a changing landscape for loans.
News, Other

Competition grows for cash advances for Manitoba farmers

Alberta’s FarmCash is the latest option for province's growers

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Manitoba farmers have lots of options for low- and no-interest cash advances on their soon-to-be-seeded 2021 crops, including new to the Manitoba market, FarmCash, operated by the Alberta Wheat Commission (AWC). FarmCash joins the Manitoba Crop Alliance (MCA), Canadian Canola Growers Association (CCGA) and Manitoba Livestock Cash Advance Inc. — stalwart administrators of the federal
Cashing out: The history of the cash advance in Manitoba
News, Other

Cashing out: The history of the cash advance in Manitoba

Manitoba’s corn cash advance started 40 years ago followed shortly by canola

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Corn was the first non-wheat board crop in Manitoba to qualify for the federal government’s cash advance program starting in 1981. Jim Pedersen, who was president of the Manitoba Corn Growers’ Association at the time, helped get the association incorporated — a prerequisite to administering the program that offers low- and no-interest loans to farmers
Few strings to cash advances for farmers
News, Other

Few strings to cash advances for farmers

Cash advances are some of the most flexible financial arrangements farmers can access

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The organizations administering cash advances want farmers to know they can get low-interest (and even no-interest) loans against seeded and stored crops with just one string attached: they must repay the loan as they sell their crop. The first $100,000 is interest free and as much as a further $900,000, depending on where you get
Manitoba Corn Growers Association general manager Pam de Rocquigny says COVID-19 hasn’t slowed her organization from issuing cash advances.
News

Corn Growers says cash advances flowing fast

The canola growers’ association expects its backlog to be cleared up by month’s end

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COVID-19 has delayed delivery of cash advances by the Canadian Canola Growers Association (CCGA), but that hasn’t been the case for the Manitoba Corn Growers Association. “It (COVID) hasn’t impacted our ability in terms of still providing that service standard (of dispersing advances) three to seven (business) days (after receiving a completed application),” association general
(Photo courtesy Canola Council of Canada)
Crops

Grain growers get extension on 2018 APP repayment

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Grain, oilseed and pulse crop growers who took out cash advances from the Advance Payments Program for the 2018-19 crop year will get an extra six months to repay, effective Friday. Federal Agriculture Minister Marie-Claude Bibeau on Thursday announced a six-month stay of default for APP advances on grains, oilseeds and pulses, to March 31,
Ag Minister Marie-Claude Bibeau speaks to media at Cigi in Winnipeg on March 13, 2019. (Dave Bedard photo)
Crops

Cash advance boost to take effect next week

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Regulations permanently expanding loan limits under the federal Advance Payments Program — and temporarily boosting interest-free advances for canola growers — are in place for applications to begin next Monday at the earliest. Agriculture Minister Marie-Claude Bibeau said Monday amendments to the Agricultural Marketing Programs Regulations are now in place to boost the APP loan
Crops, Local news

Manitoba has several cash advance administrators

While loan limits are consistent some things differ between organizations

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Farmers seeking cash advances have lots of options. In Manitoba several organizations administer the federal government’s Advance Payments Program and staff are happy to answer questions including on the recently announced changes aimed at helping farmers in the wake of China’s canola seed boycott, says Pam de Rocquigny, general manager of the Manitoba Corn Growers

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