Manitoba Crop Alliance begins issuing cash advances on winter cereals planted fall 2024

Nov 29, 2024

Manitoba Crop Alliance (MCA) has received approval to start issuing cash advances on winter wheat and fall rye planted in fall 2024 through Agriculture and Agri-Food Canada’s Advance Payments Program (APP).

The APP is a federal loan program administered by MCA. It offers Canadian farmers marketing flexibility through interest-free and low-interest cash advances. Under the program, eligible farmers are eligible to receive up to $1,000,000, with the Government of Canada paying the interest on the first $100,000 of the advance for the 2025 program year.

Funds can be issued in three to five business days once the application process is complete. MCA’s interest rate on interest-bearing cash advances is competitive with major banks and credit unions.

“Our friendly and knowledgeable APP staff understand the complex financial needs of farmers,” says MCA chair Robert Misko. “The friendly and personalized service they provide to clients keeps them coming back to us year after year for their cash advance needs.”

To apply for an advance under the 2025 program year on winter wheat and fall rye planted in fall 2024, farmers can phone MCA’s office at 1-204-745-6661 or toll-free at 1-877-598-5685 to request an application form.

MCA also continues to process applications for the 2024 program year on more than 35 crop kinds and honey.

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