Farmer applications to the 2024 federal Advance Payments Program are on track in spite of the government lowering the interest-free portion from 2023 levels.
Tag Archives finances
Advance loans attract farmers despite lower interest-free portion
Farm cash applications rise year-over-year, program administrators say
Producers look for credit bridge
High feed needs, plus low feed supply, plus less than optimal cash flow means producers are looking for a financial boost to get them through to spring
Winter pressure on already strained feed supplies has some producers searching for credit, as they look to tide themselves over until spring. Cash flow has been tight in a sector racked by drought last year — including a depressed cattle market as a glut of producers were forced to downsize herds. Cattle producers have since
Put the cash advance to work in your marketing plan
The APP can give you the flexibility to plan commodity sales and optimize the prices you receive
In the world of business, different strategies often create synergies where one plus one can equal three. Of course, the same is true for farming. There are many agronomic strategies that are used together from advanced seed genetics, to crop rotation and variable-rate fertilizer applications, to tile drainage or irrigation pivots and the list goes
Watch with interest, what goes down…
Rates will have to go up someday, but nobody can predict when
Last month, I looked at rising commodity prices, money creation and whether inflation may or may not develop. This month, we’ll look at what all that might mean for interest rates. Interest rates, according to economic theory, are made up of two components: an inflation figure and the real rate of economic growth. These components
Cashing out: The history of the cash advance in Manitoba
Manitoba’s corn cash advance started 40 years ago followed shortly by canola
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
Cash advances are some of the most flexible financial arrangements farmers can access
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
Cash advance changes to help canola farmers’ cash flow
A host of changes to the cash advance program are aimed at addressing market loss for canola producers, but some frustrated farmers say it’s just a band-aid, not a solution. For 2019 the maximum cash advance — loans issued to farmers against growing or stored crops and livestock — will be $1 million instead of
Farm income: a dip and now holding
Canadian farm income fell on market volatility, but export growth is still likely, says FCC
Final figures aren’t available yet but all signs suggest farm income in 2018 was clipped by several factors and will likely stay at that level through this year, says J.P. Gervais, chief agricultural economist with Farm Credit Canada. “Price volatility, higher input costs and weather-related challenges in many parts of the country over the past
Menzies urges farmers to prioritize their mental health
Former farm leader and cabinet minister Ted Menzies says their unique work environment adds to stress on farmers
A well-known and respected farm voice has lent his voice to the growing chorus calling for farmers to mind their mental health. Former farm leader and federal cabinet minister Ted Menzies had a blunt and personal message about farmers for the Commons agriculture committee, which is studying mental health issues in agriculture. “We’re very reluctant
Brazil meat company Minerva plans IPO by Chilean unit
Sao Paulo | Reuters – Brazilian meat company Minerva SA plans an initial public offering in Santiago of its units outside Brazil as a way to reduce its debt, according to a securities filing on Tuesday. After a capital increase at its Chilean subsidiary Athena Food, Minerva said it will gather its operations in Paraguay, Uruguay
Cyber-Savvy Farmer
