Phot credit: Bill Warchol Dreamstime

By Erika Rolling

Agriculture

Cash advance applications now open

Feb 1, 2023 | 1:20 PM

Agricultural producers across western Canada are now able to apply for up to $1 million FarmCash advance.

AAFC increased the interest-free portion from $100,000 to a $250,000 last June due to rising costs of farm inputs and interest rates for this year’s program to support producers.

Sexsmith producer and head of the Alberta Wheat Commission Greg Sears says as we head into spring, farmers are adjusting their farm business plans in light of the drastic price increases we have seen to key cropping tools such as equipment and fertilizer, and even in land prices relevant to cattle producers.

The February 1 opening application date is the earliest in FarmCash history.

Producers will not receive funds until the new Advance Payments Program year on April 1.

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