Farmcash Opens Spring Application To Western Canadian Producers To Help Their Farms Succeed Amid Rising Interest Rates

FarmCash

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Starting today, February 1, 2023, agricultural producers across Western Canada can apply without needing to leave their farm for a FarmCash advance of up to $1 million and receive the first $250,000 interest-free to improve their long-term profitability. Due to rising costs of farm inputs and interest rates, last June, Agriculture and Agri-Food Canada increased the interest-free portion from $100,000 to $250,000 for the 2022-2023 program years to support Canadian agricultural producers.

With more-than-double-theincrease to the interest-free limit and a new autofill feature that makes applying quicker and easier than ever, there has never been a better time than this spring for producers to use FarmCash to support their farm’s success.

Although FarmCash, an administrator of the Advance Payments Program, provides significant interest savings in

3” wide version

the form of an advance, FarmCash is also a cash flow management tool that increases farm purchasing power, acts as a bridge gap, and supports producers facing untimely challenges during the production year such as vet bills and unexpected weather.

“As we head into spring, farmers are adjusting their farm business plans in light of the drastic price increases we have seen to key cropping tools such as equipment and fertilizer, and even in land prices relevant to cattle producers,” says Greg Sears, farmer and chair of the Alberta Wheat Commission. “We are proud to offer FarmCash to producers of all sizes of operations to help them succeed and get their production year off to a good start.” easy calving bulls for first calf heifers

Although producers cannot receive funds on their submitted applications until the new Advance Payments Program year (April 1, 2023), today’s spring application opening date is the earliest yet for FarmCash and speaks to its dedication to better service western Canadian producers.

• 58 red and black easy calving yearling bulls on test (65-85 pound BWs)

• Less than 1% assist rate in over 32,000 home-raised and commercial heifers

• Six month breeding soundness guarantee

An easy calving, stress-free spring is just a phone call away!

Contact Daryl at 780-806-1229

CharltonCattleCo@gmail.com www.CharltonCattleCo.ca

“Producers should know they have options for farm financing in preparation for the new production year, and with spring around the corner, they can line up their cash flow before the busyness of calving and spring seeding,” says Syeda Khurram, chief operating officer of FarmCash. “Our goal is to provide excellent service

Easy Calving Angus Hybrid Bulls for Heifers

Charlton Cattle Co. has more than 40 years’ experience raising only easy calving bulls for first calf heifers

• 58 red and black easy calving yearling bulls on test (65-85 pound BWs)

• Less than 1% assist rate in over 32,000 home-raised and commercial heifers

Six month breeding soundness guarantee

An easy calving, stress-free spring is just a phone call away!

Contact Daryl at 780-806-1229

CharltonCattleCo@gmail.com www.CharltonCattleCo.ca and support, from application to repayment 18 to 24 months later, while supporting farm success.”

Producers can apply for FarmCash online at FarmCashAdvance.com or by mail, fax or phone and receive their funds in as few as three to five business days following the start of the new program year. FarmCash is available on over 50 commodities, including crops, honey and livestock. The interest-bearing portion of a FarmCash advance is subject to the lowest lending rate available across administrators of TD prime minus 0.75 per cent.

The Advance Payments Program is a federal loan program administered by the Alberta Wheat Commission. It offers Canadian farmers marketing flexibility through interest-free and low interest cash advances.

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February 2023....This is the month we take our piggy banks around to participating businesses. It is our annual fundraiser. This year we will give the businesses the option of keeping the banks on hand for longer or March pickup. Last year 5 businesses kept them on a permanent basis and have called us when they need to be changed out. (Thank you to them) February was chosen because our very first crisis delivery was on Valentines Day 2016,