Camelina is being included for the first time in Canada's Advance Payments Program (APP), commonly known as the cash advance program.
Western Canadian farmers can apply for a pre-harvest cash advance on actual seeded acres of Camelina, or, after the crop is in the bin, for a post-harvest advance of up to $400,000. The cash advance rate paid to Camelina growers for the inaugural 2014 crop year is $198 per metric tonne.
"Smart Earth is leading the introduction of Camelina as a new oilseed crop in Western Canada. The 2014 crop year has been excellent and we have established a wide distribution of growers throughout West Central and Southwest Saskatchewan," said CEO Jack Grushcow. "The cash advance program is another sign that the crop is entering the mainstream of specialty crop options for our growers."
Through the APP, farmers are eligible for a cash advance of up to $100,000 interest-free and an additional...