GFM Network News

Repayment of 2018 cash advances now due

Repayment of 2018 cash advances now due

Deadline is September 30

Reading Time: < 1 minute If you took advantage of Ottawa’s extended repayment deadline for cash advances, the time to pay the loan has run out. In March, the deadlines for repayments of 2018 cash advances for grains, oilseeds pulses, cattle and bison were extended to Sept. 30 (from April 30 previously) because of the pandemic. The extensions, which affected […] Read more

Changes to the cash advance program — spurred by China’s defacto ban on canola seed purchases — has resulted in more farmers using the program and borrowing larger amounts.

Cash advances take a ‘very dramatic’ jump, say administrators

Farmers can now borrow more against crops in their bins, and that’s what they’re doing

Reading Time: 4 minutes There’s been a “very dramatic” spike in applications for cash advances since Ottawa upped the amount farmers can borrow against crops in their bins. “We’ve had probably an extra 500 applications this year, and it’s not just new producers to the program — it’s also increased usage of the program by our existing customers,” said […] Read more

(Photo courtesy Canola Council of Canada)

Grain growers get extension on 2018 APP repayment

Grain, oilseed and pulse crop growers who took out cash advances from the Advance Payments Program for the 2018-19 crop year will get an extra six months to repay, effective Friday. Federal Agriculture Minister Marie-Claude Bibeau on Thursday announced a six-month stay of default for APP advances on grains, oilseeds and pulses, to March 31, […] Read more

Ag Minister Marie-Claude Bibeau speaks to media at Cigi in Winnipeg on March 13, 2019. (Dave Bedard photo)

Cash advance boost to take effect next week

Regulations permanently expanding loan limits under the federal Advance Payments Program — and temporarily boosting interest-free advances for canola growers — are in place for applications to begin next Monday at the earliest. Agriculture Minister Marie-Claude Bibeau said Monday amendments to the Agricultural Marketing Programs Regulations are now in place to boost the APP loan […] Read more

Concept of making money agriculture

Alberta Wheat says its cash advance program will be different

Farm group says it will streamline the process, but competitor says it’s needless duplication

Reading Time: 3 minutes Alberta farmers now have another service provider when it comes to selecting a cash advance. Producers in the province can now choose from 11 organizations — five offering cash advances for grains and oilseeds — when seeking a low- or no-interest loan pledged against their crops, livestock, or other agricultural products. But the Alberta Wheat […] Read more

Keep up to date on cash advances

Reading Time: < 1 minute Want to check on your cash advance? You can do it online either at the Canadian Canola Growers Association website or on a mobile app (free at Apple’s App Store or Google Play). Advances are available to any Canadian citizen or permanent resident of Canada, and corporations, co-operatives and partnerships are also eligible. Farmers receive […] Read more

Cash advances to be offered on unharvested grain

Farmers who weren’t able to wrap up their harvest this fall on account of lousy weather may still be eligible for cash advances under the federal Advance Payments Program. The Canadian Canola Growers Association (CCGA), which administers the program for farmers in Western Canada, said that effective Tuesday it will accept new seeded cash advance […] Read more