FARM BUSINESS NEWS
Canada Farmers Seek Record Loans
Thu Mar 13, 2014 04:41 PM CDT

Winnipeg (Dow Jones) -- The lack of grain movement in Canada has prompted a record number of farmers to request advance payments so they can get their bills paid and start planning for inputs on next year's crop.

Rick White is the executive director of the Canadian Canola Growers Association, one of the groups the federal government is using to facilitate the Advance Payment Program. According to White, a total of 12,500 producers have applied for payouts so far, well more than the total of 10,000 applications seen the previous year. Normally farmers would be selling their grain right now, ...

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