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As of March 2, CCGA is accepting 2020-21 Advance Payments Program pre-applications for funds to be issued starting in April.
Press Release: CCGA Kicks Off 2020 Cash Advances with Interest Rate and Fee Reductions (March 2, 2020)
Why should you choose a farm cash advance?
-
$1,000,000 available to all farmers, which includes —
- up to
$100,000 interest-free for all eligible commodities,
- interest-bearing portion at prime rate less 0.75% (new, lower rate for 2020).
-
50 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.
Get a jump start on your spring and
complete your 2020 application now.
How do I apply?
CCGA offers farmers a number of ways to apply for a cash advance, including:
Call1-866-745-2256, option 1.
Online: if you are an existing CCGA cash advance customer,
log into your Cash Advance Account Login.
Download and fill in an
application form.
Learn more about applying for a cash advance.
Why a cash advance from CCGA?
CCGA is the largest and most experienced Advance Payments Program administrator in Canada and strives to make the program as convenient as possible. To do this, we offer:
-
One-stop shop for farm cash advances. CCGA offers advances on more than 50 field crops and livestock types, all on one application with no administration fee.
-
Account management made simple. CCGA offers multiple ways to manage your account, including online or on-the-go with our
CCGA Cash Advance Login.
-
Quick transactions through your bank. When applying, CCGA allows you to choose EFT (electronic funds transfer), which deposits your cheque directly into your bank account. Then, when it’s time to repay your advance, you can do so through your financial institution – in-branch, over the phone, or online.
Learn more about repaying your advance.
-
Easy repayment when you deliver grain to your local elevator. The elevator staff can take the advance deduction and submit it directly to CCGA on your behalf.
The
Advance Payments Program is a federal program, delivered and administered by Canadian Canola Growers Association. Under the program, the
Government of Canada provides the loan guarantee, funds the interest-free portion of advances and helps to make low interest rates on the remainder for Canadian producers.
Helping Farmers Succeed for
35 years.
