CCGA Cash Advance Program: The Financial Tool Farmers Are Looking For!

* Exciting Update: The interest-free portion of the cash advance has recently been increased from $100,000 to $250,000, providing even more financial flexibility for farmers.

In this episode of The Impact Farming Show, Tracy sits down with Dave Gallant, Vice President of Finance and APP Operations from the Canadian Canola Growers Association (CCGA), to discuss the CCGA Cash Advance Program, a financial tool that is helping farmers navigate today's elevated interest rates.

Farmers often face challenges around managing cash flow, especially during unpredictable market conditions. The CCGA Cash Advance Program offers farmers up to $1,000,000 in working capital financing, with flexible terms designed to help farmers plan better and reduce borrowing costs.

Key Topics Discussed in This Episode:

• What is a Cash Advance? 
  Dave explains the Advance Payments Program (APP), which provides farmers with short-term financing to support their working capital needs. With up to $250,000 available interest-free and the rest at a reduced interest rate, this program is an attractive financial tool for many farmers.
• How Does the Cash Advance Work?
  The cash advance program provides up to $1,000,000 for financing across more than 50 commodities, including field crops, livestock, organic crops, and even honey. The two-part structure (interest-free and interest-bearing) helps manage costs effectively. Farmers can use both portions to support their operations.
• Who is the Canadian Canola Growers Association (CCGA)?
  Learn more about the CCGA, a farmer-founded, farmer-led association representing about 40,000 canola farmers. CCGA has been instrumental in advocating for farmers’ needs and administering the Advance Payments Program since 1984.
• Practical Uses for the Cash Advance Program
  Dave and Tracy dive into how farmers can use the cash advance to support their operations during the growing season, providing flexibility in managing cash flow and financing their marketing plans.
• How to Apply for a Cash Advance
  If you’re interested in applying for a cash advance, Dave outlines the steps involved and how the CCGA makes the process as simple and efficient as possible.

Exciting Update: The interest-free portion of the cash advance has recently been increased from $100,000 to $250,000, providing even more financial flexibility for farmers.

SHOW RESOURCES:

CCGA Cash Advance Program: https://www.ccga.ca

Episode 228: CCGA Cash Advance Program: The Financial Tool Farmers Are Looking For with Dave Gallant
https://www.farmmarketer.com/Resources/ResourceItem?resourceItemId=493

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