Manitoba Crop Alliance (MCA) began accepting applications for 2025 Advance Payments Program (APP) cash advances last week, with funds to be issued starting April 1.
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 million, with the federal government paying the interest on the first $100,000 of the advance for the 2025 program year.
For the 2025 program year, MCA’s interest rate on interest-bearing cash advances is prime – 0.50 per cent. This interest-bearing rate is competitive with other APP administrators, major banks and credit unions. MCA is also maintaining a low, one-time application fee of $250 for the 2025 program year, according to an MCA statement.
To correspond with the start of the 2025 spring program, MCA has launched a new APP cash advance website: mcacashadvance.ca. The site was designed to improve the user experience for APP cash advance clients, with a streamlined layout and a new client portal that will be available soon.
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