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How to Repay

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When do I repay my cash advance?

Cash advances have a unique approach to repayment: “repay-as-you-sell”, meaning every time you sell a portion of a commodity listed on your advance, you also repay a portion of the advance and submit Proof of Sale.

Cash advances from CCGA must be repaid as the commodities advanced on are sold, within 30 days of receiving payment for the sale, and prior to the end of that program year.

Assuming all advance Dates & Deadlines are satisfied, the following repay-as-you-sell periods apply:

  • Advances on field crops, honey, goats, sheep, and lambs must be repaid in full by the September 30 end of the 18-month program year.
  • Advances on cattle and bison must be repaid in full by the March 31 end of the 24-month program year.
  • Continuous flow advances on cattle and hogs must be repaid within 12 months of the advance being issued or by the September 30 end of the 18-month program year.
Image of farmer on talking on phone and looking at computer

How do I repay my advance?

  1. Pay through your financial institution. You can pay CCGA directly through your financial institution, making repayments in-person, over the phone, or online. To do this, add “CCGA” as a Bill Payee and use your APP ID as your account number.
  2. Pay through authorized buyer. For grain repayments only, you can request that an Authorized Buyer make a repayment to CCGA on your behalf. The buyer has up to 30 calendar days to remit that deduction. 
    Authorized Buyers List for 2024-25 Cash Advances.
  3. Send CCGA a cheque. You can mail a cheque referencing your APP ID to the attention of the “Repayments Department” at our Winnipeg office.

 

How much do I repay?

Repayments are calculated using the same commodity rates as when your advance was issued (see our current advance rates). 
Example: Say you took an advance in April 2024 on canola and wheat:

  • In the fall, you sell yellow peas. Yellow peas are not listed on your advance, so you don’t need to repay at that time.
  • Later in the fall, you make your first sale of canola. Canola is on your advance, so repay-as-you sell comes into effect. The advance rate you received was $281.30 per MT. If you sell 20MT of canola, your minimum repayment would be $281.30 x 20MT = $5,626. (However, you can pay up to the total sale amount on your Proof of Sale receipt, should you so choose.)

Proof of Sale for your cash advance

Proof of Sale refers to the paper or electronic receipt (such as a cash ticket) you receive from a buyer when you sell your product. Most cash advance repayments require Proof of Sale to be submitted along with the payment.

Questions about Proof of Sale? Call 1.866.745.2256, option 2.

For further information about repayments, refer to our FAQ or your cash advance application.

Let’s connect

Call us at 1.866.745.2256 or send us an email.