Manitoba Crop Alliance Begins Issuing Cash Advances on Winter Cereals Planted Fall 2021
FOR IMMEDIATE RELEASE
October 12, 2021 – Carman, MB. Manitoba Crop Alliance (MCA) is pleased to announce they 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).
The Advance Payments Program is a federal loan program administered by the Manitoba Crop Alliance. It offers Canadian farmers marketing flexibility through interest-free and low interest cash advances. 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,” says 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.”
To apply for an advance under the 2022 program year on winter wheat and fall rye planted fall 2021, farmers can phone Manitoba Crop Alliance’s office at 1-204-745-6661 or toll-free 1-877-598-5685 to request an application form.
Manitoba Crop Alliance also continues to process applications for the 2021 program year on over 35 crop kinds and honey.
“Since 1981, we are proud to offer a competitive option for farmers who are interested in applying for a cash advance through the APP,” says MCA vice-chair, Robert Misko. “Our APP clients are a high priority, and our staff Tammy Cote and Rae Jackson will work with them every step of the way to make sure they receive their advance as quickly as possible.”
If farmers would like to be notified regarding Advance Payments Program specific information, please email hello@mbcropalliance.ca to request to be added to the email list. More information on the Advance Payments Program can be found on Manitoba Crop Alliance’s website at mbcropalliance.ca.
For more information, please contact:
Darcelle Graham
Chief Operating Officer, Manitoba Crop Alliance
204-745-6661
darcelle@mbcropalliance.ca