Story Posted: September 14, 2010

Fall Cash Advances Provide Cash Flow and Marketing Flexibility

The Canadian Canola Growers Association (CCGA) is now accepting applications for the 2010 fall cash advance program. "The Post Harvest Advance Payment Program provides farmers with a cost-effective source of cash flow to cover fall expenses," says Rick White, General Manager of the CCGA."It also enhances your marketing program because it gives farmers greater flexibility to time their oilseed and non-Board grain sales."

Under the Advance Payment Program, farmers are eligible for a cash advance of up to $400,000 – $100,000 interest-free and the remaining $300,000 at competitive interest rates. Post harvest advances for this crop year are available from the CCGA until March 1, 2011.

Producers can apply for a Post Harvest Advance through the convenient on-line system at www.ccga.ca. For those who prefer to complete their application with the assistance of a customer service representative, contact the CCGA at 1-866-745-2256 to complete a telephone application. Applications are also be available at many local elevators.

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