Farms.com Home   News

CCGA Dealing With Backlog Of Cash Advance Applications

The Canadian Canola Growers Association (CCGA) is dealing with a backlog of cash advance applications.
 
Dave Gallant is Director of Finance and Operations.
 
"We are behind right now," he said. "We're seeing normal volumes in the spring time for farmers applying for advances and our goal right now is to get through that backlog over the next 2-3 weeks."
 
Gallant says they were non-operational for a couple of weeks as employees transitioned to working from home in response to COVID-19. He adds CCGA appreciates the patience shown by farmers and adds CCGA has hired additional staff to help catch up.
 
CCGA is the largest administrator of the Advance Payments Program in Canada, issuing about $1.5 billion per year to roughly 10,000 farmers.
Click here to see more...

Trending Video

NEW “FEMO” = AI STOCK FRENZY!

Video: NEW “FEMO” = AI STOCK FRENZY!


The new acronym on Wall Street is not “FOMO”, its “FEMO” - Fabulous Earnings Momentum. DELL this week crushed their earnings and revenue guidance sending the stock up 40%! Micron's valuation went from 500 billion to 1 trillion in 48 days!
U.S. Corn Belt drought expanding need timely rains in June.
Rumors this week that China was lowering U.S, ag tariffs and wanting to buy U.S. corn?
Flood could damage crops in China like corn and wheat.
U.S./Iran 60-day truce = lower crude oil futures by end of June.
U.S. urea futures down 28%.
Soy oil and canola futures technically breaking out
+ CFTC.