Dec. 5, 2023 (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 2023 through Agriculture and Agri-Food Canada’s Advance Payments Program (APP).
The APP is a federal loan program administered by MCA. It offers Canadian farmers marketing flexibility through interest-free and low-interest cash advances. Under the program, eligible farmers are eligible to receive up to $1,000,000, with the Government of Canada paying the interest on the first $100,000 of the advance for the 2024 program year. 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 strives to offer an unmatched level of customer service to all our cash advance clients,” says MCA chair Robert Misko. “Our friendly and knowledgeable APP staff are always happy to answer questions from farmers and walk them through the application process.”
To apply for an advance under the 2024 program year on winter wheat and fall rye planted in fall 2023, farmers can phone MCA’s office at 1-204-745-6661 or toll-free at 1-877-598-5685 to request an application form.
MCA also continues to process applications for the 2023 program year on more than 35 crop kinds and honey.
“As an organization that represents thousands of farmers across Manitoba, MCA understands how important it can be to have the financial flexibility that a cash advance can offer,” says MCA vice-chair Jonothan Hodson.
“I know other farmers like myself are busy and our financial needs can be complex, which is why we take great pride in the fast turnaround times we offer on all cash advance applications.”
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
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.