FOR IMMEDIATE RELEASE – March 1, 2023 (Carman, MB) – Manitoba Crop Alliance (MCA) is now accepting applications for the 2023 Advance Payments Program (APP), with funds to be issued starting April 1, 2023.
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 program is available to farmers across Manitoba and allows them to access funds throughout the growing season when they need them most,” says Pam de Rocquigny, CEO of MCA.
“Our friendly and knowledgeable cash advance staff are always a click or call away, ready to answer clients’ questions and walk them through the application process.”
MCA provides cash advances on over 35 different crop kinds, including cereals, grain corn, oilseed crops, pulses, specialty 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.
In 2023, AAFC will pay the interest on the first $250,000 advanced to a producer. For interest-bearing cash advances, in 2023, MCA has secured lower interest rates that are better than or very competitive with other APP administrators, as well as major banks and credit unions. Call our office today to learn more.
“As an APP administrator for more than 40 years, we offer an unmatched level of customer service to clients when they come to us for an advance,” says de Rocquigny. “We know farmers are busy and their financial needs are complex, which is why we pride ourselves on fast turnaround times on all cash advance applications.”
For more information about the APP Cash Advance program – including 2023 application forms, rates and fees, and important dates and deadlines – visit mbcropalliance.ca.
For more information, please contact:
About Manitoba Crop Alliance:
Manitoba Crop Alliance is a non-profit organization established Aug. 1, 2020, representing over 7,700 farmer members. Manitoba Crop Alliance puts their farmer members first and strives to continuously improve the competitiveness and profitability of all crops represented by the organization by focusing on four main areas: research, agronomy, market access and development, and communications. It is through investment in these key areas that Manitoba Crop Alliance can ensure wheat, barley, corn, sunflower and flax are sustainable production choices for Manitoba farmers. For more information, visit mbcropalliance.ca.