Getting this year’s crop off the field and into the bin has been a challenge.
Dave Gallant with the Canadian Canola Growers Association (CCGA) says the cash advance program is one option that can help producers manage their cash flow.
"We've had a lot of farmers who have been impacted by inclement weather, snow, and the CCGA is supporting those farmers by allowing them, if they need to, to take out an advance on grain that's still in the field at this time of the year to give them cash flow to help them get through this season."
Under the program, 45 different commodities, including all major field crops and livestock are eligible.
Producers can apply for a cash advance of up to $400,000, the first $100,000 of which is interest free.
Source : Steinbachonline