The Manitoba Crop Alliance (MCA) has received approval to start issuing cash advances on winter wheat and fall rye planted fall 2021 through Agriculture and Agri-Food Canada’s Advance Payments Program (APP).
Under the program, eligible farmers are eligible for up to $1,000,000 with the Government of Canada paying the interest on the first $100,000 of the advance. Funds can be issued in three to five business days once the application process is complete. MCA’s interest rate on interest-bearing cash advances is a competitive rate with major banks and credit unions.
“Manitoba Crop Alliance provides quick, courteous service when farmers apply for and manage their APP cash advance,” said MCA chair, Fred Greig. “When a farmer phones or emails the MCA office, they will be speaking with staff who know the program and can provide answers to any questions farmers have.”
Manitoba Crop Alliance also continues to process applications for the 2021 program year on over 35 crop kinds and honey.
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