Cash Advance Program
Page last updated June 4, 2019
On May 1, Agriculture and Agri-Food Canada (AAFC) announced increased limits for the 2019-20 Advance Payments Program. With the increased interest-free limit for canola effective as of May 29, the Canadian Canola Growers Association (CCGA) will be reassessing all current CCGA advances and reallocating the interest-free and interest-bearing portions of those advances in a way that maximizes the interest-free benefit available to eligible farmers. Farmers will be able to complete a pre-application anytime between June 7 and June 25, and CCGA will begin issuing advances under the new limits starting June 26; click here to view FAQ regarding changes to the cash advance.
- NEW $1,000,000 available to all farmers, which includes:
– NEW up to $500,000 interest-free for canola,
– up to $100,000 interest free for all other commodities,
– interest-bearing portion at 0.5% below prime rate (new, lower rate for 2019).
- 45 eligible commodities, including all major field crops and livestock
- Up to 18-month repayment period on all crops, honey, hogs, lambs, sheep and goats
- Up to 24-month repayment period on all cattle and bison
These low interest rates lower your cost of production, which allows you to stretch your own dollar further. The added farm cash flow also gives you more time to execute your grain marketing plan. You can sell when the time and price is best for you.
Farmers wanting to apply for an advance under the new limits:
- Farmers who currently do not have an advance with CCGA but would like to apply for an advance under the new limits will be able to complete an application beginning June 7, 2019. CCGA will be accepting pre-applications under the new limits between June 7 and June 25, and will begin issuing advance funds on June 26.
- First time customers are encouraged to complete a phone application through CCGA’s Contact Centre at 1-866-745-2256. Our experienced staff make the process easier for first-time applicants. Farmers will also be able to download an application and existing CCGA customers can log in to their online account and apply using the web-based application system.
Farmers who currently have an advance:
- Farmers who currently have an advance and are not seeking any additional funds are not required to take any action. CCGA will be reassessing all current CCGA advances and reallocating the interest-free and interest-bearing portions of those advances in a way that maximizes the interest-free benefit available to eligible farmers as of May 29.
- Farmers who have an existing advance and would like to apply for additional funds will have to complete a new application form. Application forms will be available June 7. There will be no additional administration fee for a subsequent application related to applying for additional funds under the new limits.
How to Apply:
- Call 1-866-745-2256, option 1, to apply over the telephone or to request a paper application through the mail.
- Online: If you are a CCGA cash advance customer, you can apply by logging into your Cash Advance Account Login.
- Download an application form here.
- Email completed applications to email@example.com.
- Fax completed applications to 204-788-0039.
- In-person at CCGA’s Winnipeg office or at your local elevator.
For more information about the cash advance program offered through the Canadian Canola Growers Association visit www.ccga.ca or call toll-free at 1-866-745-2256.
2019 News Releases from the CCGA
- June 7: CCGA Accepting Cash Advance Applications Under Increased APP Limits Starting Today
- June 4: Representing Canola Farmers at the Canola Working Group
- June 3: Higher Cash Advance Limits Available to Farmers within Days
- May 1: Cash Advance Program Enhancements Support Farmers
- March 4: CCGA Launches 2019 Cash Advance Program with Interest Rate Savings for Farmers and Expanded List of Organic Commodities
- August 15: Stay of Default Extends Repayment Deadline for 2018-19 Cash Advances
For over 30 years, the Canadian Canola Growers Association (CCGA) has helped to finance the operating cash flow needs of Western Canadian farmers through administering the Advance Payments Program (APP). The APP is a federal government program made available through Agriculture and Agri-Food Canada (AAFC). SaskCanola is a member of the CCGA and has three director representatives on the CCGA Board.