Farms.com Home   News

Canadian Canola Growers Association Wants Limit Increase On Cash Advance Program

 
Bill C-49 needs to be amended and passed by the Senate as soon as possible.
 
That from Canadian Canola Growers Association (CCGA) CEO Rick White, who spoke earlier this week at an emergency meeting hosted by the House of Commons Standing Committee on Agriculture and Agri-Food.
 
CCGA had a suggestion for the federal government.
 
"One of the solutions that we put forward on behalf of farmers was to have the government consider expanding the limit on the Cash Advance Program from $400,000 to $800,000, just as an assurance to make sure that farmers at least have credit available should this problem continue and they're not able to ship grain, they're not able to get paid," said White. "We don't want to turn this into a cash flow problem for farmers."
 

 

Source : Steinbachonline

Trending Video

USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.