Manitoba Crop Alliance Launches 2022 Advance Payments Program
FOR IMMEDIATE RELEASE
Tuesday, March 1, 2022 (Carman, MB) – The Manitoba Crop Alliance (MCA) is now accepting applications for the 2022 Advance Payments Program (APP), with funds to be issued starting April 1, 2022.
The APP is a federal loan program administered by MCA on behalf of Agriculture and Agri-Food Canada (AAFC). It offers Canadian farmers marketing flexibility through interest-free and low-interest cash advances, allowing them to sell their agricultural products based on market conditions rather than the need for cash flow.
“The APP is a valuable resource for farmers across Manitoba,” says Pam de Rocquigny, CEO of MCA. “We are proud to provide personalized, friendly, small-town service to all our APP clients to make their experience with the program as smooth as possible.”
MCA provides cash advances on over 35 different crop kinds, including cereals, grain corn, oilseed crops, pulses, speciality crops, hay and grasses, and honey. Farmers can access up to $1 million per program year in advances based on the value of their agricultural product.
AAFC pays the interest on the first $100,000 advanced to a producer. For interest-bearing cash advances, MCA’s interest rate is competitive with major banks and credit unions.
“As an APP administrator for more than 40 years, MCA is committed to offering the exceptional level of service our clients have come to expect,” says de Rocquigny. “This commitment is fully defined in our APP Service Standards, which are available on our website.”
For more information about the APP – including 2022 application forms, rates and fees, and important dates and deadlines – visit mbcropalliance.ca.
For more information:
Cole Christensen
Communications Manager
403-589-3529
About Manitoba Crop Alliance:
Manitoba Crop Alliance (MCA) is a non-profit organization established Aug. 1, 2020 representing over 9,000 farmer-members. MCA puts its farmer-members first and strives to continuously improve the competitiveness and profitability of all crops represented by the organization. We do this by investing farmer levy dollars into meaningful, independent research, valuable knowledge and targeted advocacy. Through these investments, we can ensure wheat, barley, corn, sunflower and flax are sustainable production choices for Manitoba farmers. For more information, visit mbcropalliance.ca.