The program started in 2018
Alberta Grains is winding down a cash advance program that’s been around almost a decade.
The organization is ending FarmCash, which provides farmers with interest-free cash advances and low interest rates, by 2027.
“The Board determined that continuing to administer the Advance Payments Program through FarmCash no longer aligns with the long-term strategic priorities and goals of Alberta Grains,” the organization said in an Oct. 15 statement.
The program launched in 2018 through a partnership between the federal government and the then Alberta Wheat Commission.
It covered more than 50 agricultural commodities and provided advances up to $1 million. The first $100,000 was interest-free and the remaining balance at an interest rate of TD prime minus 0.75 per cent (0.50 per cent as of October 2026).
In 2021 the program expanded to include farmers in B.C., Saskatchewan, and Manitoba.
Farmers currently enrolled in the program have time to access financing.
Until November 15, 2026, producers with an existing Spring Advance through FarmCash can apply for an additional advance.
Active FarmCash producers will receive communication from Alberta Grains once their files have been assigned to a new administrator.
“Producers will receive account-specific transition package with instructions and should contact FarmCash promptly about urgent requirements. Future advance approval and timing depend on the receiving (new) administrator’s requirements,” Alberta Grains said.
Farmers can also choose their own certified program administrator.
In Alberta choices include the Canadian Canola Growers Association, Potato Growers of Alberta, and the Agri-Commodity Management Association.