Trying to time the market to get the best return when you sell your commodities can be challenging, especially when you need the cash on hand to keep your agricultural operation running smoothly. Canadian producers have been facing increased challenges, such as rising input costs. The Western Cash Advance Program, or WeCAP, provides livestock and grain producers in Alberta and Saskatchewan with an opportunity to access the funds they need while selling their commodities. Now, you can access the cash flow to cover expenses and make the purchase of important inputs such as fuel, feed, fertilizer, and seed more obtainable.
WeCAP offers a loan limit of up to $1 million against the expected value of your commodities so you can access the cash you need.
What WeCAP Offers
Maximum Loan Limit
Up to $1 million based on the expected value of your commodities.
Interest-Free Portion
Up to $250,000* on all commodities.
Interest-Bearing Portion
$750,000 on all commodities, with an interest rate of Prime - 0.5%.
*Note: The interest-free limit was increased to $250,000 on March 25, 2024.
Benefits of WeCAP
Enhanced Cash Flow
Cover your expenses and purchase essential inputs such as fuel, feed, fertilizer, and seed without added financial strain.
Increased Profitability
Sell your commodities when the market is in your favour, without the pressure to sell immediately due to cash flow needs.
Interest Savings
Benefit from interest-free loans up to $250,000 and competitive interest rates on additional amounts. Our current interest bearing is Prime - 0.5%.
Flexible Repayment
Enjoy up to a 24-month repayment period, depending on the commodity advanced.
Receive Funding With Confidence
Production Insurance, AgriStability, LPI and/or GARS Options for Security.
Solutions for Your Ag Operation
Specific solutions and applications are available for farms whether you are a sole proprietor, partnership or corporation.
