Nov. 30, 2022 (Carman, MB) – Manitoba Crop Alliance (MCA) is pleased to announce it has received approval to start issuing cash advances on winter wheat and fall rye planted in fall 2022 through Agriculture and Agri-Food Canada’s Advance Payments Program (APP).
The APP is a federal loan program administered by 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 $250,000 of the advance for the 2022 and 2023 program years. 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 competitive with major banks and credit unions.
“MCA prides itself on providing friendly, small-town service when farmers apply for and manage their APP cash advance,” says MCA chair Robert Misko. “When a farmer contacts us, our knowledgeable staff walk them through the program and are happy to answer any questions they may have.”
To apply for an advance under the 2023 program year on winter wheat and fall rye planted in fall 2022, farmers can phone MCA’s office at 1-204-745-6661 or toll-free 1-877-598-5685 to request an application form.
MCA also continues to process applications for the 2022 program year on over 35 crop kinds and honey.
“Since 1981, we have offered a competitive option for farmers who are interested in a cash advance through the APP,” says MCA vice-chair Jonothan Hodson. “Our APP clients are extremely important to us, which is why our staff – Tammy Cote and Rae Jackson – regularly go above and beyond to make sure clients receive their advance as quickly as possible.”
If farmers would like to be notified regarding APP-specific information, please email firstname.lastname@example.org to be added to the subscriber list. More information on the APP can be found at mbcropalliance.ca.
For more information, please contact:
Chief Operating Officer
Manitoba Crop Alliance