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Canadian Canola Growers Association Drop Admin Fee

Farmers are getting a break on cash advance loans available through the Canadian Canola Growers Association.
 
President Rick White says the $50 administration fee is being eliminated for the 2020 spring cash advance program.
 
The advance is available for over 50 crop and livestock commodities as well as honey. Farmers can apply for a cash advance up to $100,000 interest-free and a maximum of $1,000,000. The interest-bearing portion will see a further reduction to prime less than .75 per cent. The application period is open and farmers could see the first advances issued on April 1.
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