The Senate Chamber within the Canadian Parliament buildings.

Ag lending in crossfire of Bill S-243: industry

Banking sector says act would kneecap current climate efforts, add to crowded reporting environment

A coalition of 17 major farm groups is opposing a bill that would tie the decisions of lending institutions to Canada’s climate goals. The Agriculture Carbon Alliance, which pushes for recognition of farm sustainability, argues that Bill S-243 could lead to higher borrowing costs and more red tape for farmers. Why it matters: The push for farm sustainability, and the red tape needed to prove

Smaller interest-free advances for 2024

Smaller interest-free advances for 2024

Interest-free portions back to 2021 levels

Manitoba farmers applying for the Advance Payment Program won’t get the same interest-free portion as they have in the last two years. On Dec. 5, the Manitoba Crop Alliance (MCA) announced it is now approved to issue APP cash advances on winter cereals planted in fall 2023. However, the interest-free portion of those loans will


CCGA now accepting 2022 cash advance applications

CCGA now accepting 2022 cash advance applications

Up to $1 million in no- and low-interest loans available

The Canadian Canola Growers Association is now accepting cash advance applications. In a media release the organization cited the demands of the spring season as one reason it was “… giving farmers more time than ever to apply… ” The early application phase will run until March 31, said Dave Gallant, CCGA’s director of finance