Photo credit: Fagianella Dreamstime

By Curtis Galbraith

Agriculture

FarmCash advances now available

Apr 3, 2023 | 5:20 PM

Farmers in the four western provinces can now receive their FarmCash advances.

The program gives low-interest loans of up to $ 1 million with the first $ 250,000 interest-free.

If the federal budget passes, that will go up to $350,000.

“The Alberta Wheat Commission is proud to administer FarmCash as a service to agricultural producers that allows them to mitigate some of the challenges of modern-day farm financing,” says AWC chair and Sexsmith farmer Greg Sears.

“Recently, farmers have taken hits to their bottom line through higher interest rates and volatility in farm input prices. With FarmCash, producers can count on receiving the lowest lending rate available and having access to cash flow for their farm quickly and easily,” adds Sears in a release.

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Applications can be sent here.

The organization says in a release farmers could get the money in three to five days.