While selling canola off the combine can be an option, you might be looking for other ways to generate cash flow that provide the flexibility to sell your canola when market conditions are favourable to you. That's where the Advance Payment Program offered through the Canadian Canola Growers Association can play a role. Producers are eligible for a cash advance of up to $400,000 - $100,000 interest-free and the remaining $300,000 at competitive interest rates.
To apply:
- Use the convenient on-line application at www.ccga.ca,
- Call the CCGA at 1-866-745-2256, or
- Fill out an application at your local elevator.
If you already have a pre-harvest cash advance from the CCGA, you may be eligible for an additional advance on your stored oilseeds and non-Board grains and by completing Part 3 of your application, you also have the option of extending your repayment deadline.