Why should you choose a farm cash advance?
Increased limits under the 2019-20 Advance Payments Program are being issued (as of June 26). Apply now by calling 1-866-745-2256,
through your Cash Advance Account Login, or
download an application.
$1,000,000 available to all farmers, which includes —
- up to
$100,000 interest-free for all eligible commodities, plus an additional
$400,000 interest-free limit for canola only,
- 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.
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.
Why a cash advance from CCGA?
CCGA is the largest and most experienced APP administrator in Canada and strives to make the program as convenient as possible. To do this, we offer:
More commodities, including all major field crops and livestock (about 50 commodities in total).
Multiple ways to apply. Producers can choose the application method that works for them:
One-stop shop for farm cash advances. CCGA offers advances on 40 field crops and five livestock types, all on one application with one low 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.
Easy repayment when you deliver grain to your local elevator. When you deliver your grain to your local elevator, the elevator staff can take the advance deduction and submit it directly to CCGA on your behalf.
Learn more about applying for a cash advance.
Learn more about repaying your advance.