The Federal Government's Advance Payments Program is delivered through the Alberta Wheat Commission's FarmCash program and is open to all producers across Western Canada.
Under the program, producers can access cash advances on over 50 commodities including crops, livestock, and honey.
Jason Lenz is committee chair for FarmCash and says they've been running the government's Advance Payment Program for about four years and this year have seen a significant increase in applications.
"We have seen very positive growth in our program throughout the four years and this year in particular. I think that's probably the result of high crop input prices and some of the changes to the program that have been made over the last year and a half."
Under the 2023 program, producers across Western Canada can qualify for up to $1 million with the first $350,000 interest-free.
Source : Pembinavalley online