Applications for the 2025 Advance Payments Program cash advances are open, the Canadian Canola Growers Association announced today.
“Now is a great time for farmers to get their application submitted, so we can process their paperwork and provide the spring operating funds they need as quickly as possible,” said Dave Gallant, CCGA’s vice-president, of finance and APP operations.
CCGA will begin issuing cash advance funds on April 1.
Farmers can apply for up to $1 million in financing. The interest-free component is set at $100,000 with the rest at CCGA’s interest-bearing rate of prime less 0.25 per cent.
First-time applicants are encouraged to apply through CCGA’s contact center. Returning customers can also use the self-serve options available in their online account CCGA’s website.
The Advance Payments Program is a federal loan program administered by CCGA.
