Cashing out: The history of the cash advance in Manitoba

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

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

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

“Risk management will become an even more significant component of success,” says J. P. Gervais with Farm Credit Canada.

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


Side view of a farmer using smart phone in field

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

Minerva Foods is a producer and marketer of beef, including exports of live cattle. The company is headquartered in Barretos, Brazil.  Photo: azgek/iSock/Getty Images

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


Cropped image of handsome businessman in casual wear using a laptop and examining documents while working in the office

Seven summer financial bottlenecks

In biz-speak, a bottleneck is a point of congestion that causes delays or inefficiencies, leading to higher costs. It’s a perfect metaphor for farm finances at a time of year when the bottle we’d rather be thinking about might have something cold in it, with us sitting on a dock. Yet summer is a too-good-to-miss