Glacier FarmMedia — The interest-free portion of the federal Advance Payments Program (APP) will be $250,000 this year, much to farmers’ relief. The amount had been set to drop back to $100,000 at the end of this month after sitting at $350,000 for 2023. Federal agriculture minister Lawrence MacAulay announced the change March 25. “In […] Read more
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Producers welcome change to cash advance program
After much lobbying, federal government decides to increase interest-free portion of program to $250,000 for this year
Feds reduce interest-free portion of cash advance
Increases implemented over the last few years have been discontinued, leaving farmers to pay higher interest cost
Farmers applying for spring cash advances should be aware the interest-free portion has dropped back to 2021 levels.
Feds lock in higher interest-free portion on cash advances
Budget boost in effect as of Monday
A further temporary increase to the interest-free chunk of cash advances available to Canadian farmers, as telegraphed in March’s federal budget, has now gone live. Agriculture Minister Marie-Claude Bibeau confirmed Wednesday that the interest-free limit under the Advance Payments Program (APP) for the 2023 program year is now $350,000, effective Monday (May 8). The regulatory […] Read more
Cash advances’ interest-free portion temporarily raised
APP funds now interest-free for first $250K
The federal government’s low-interest loan guarantee program for Canadian farmers will sweeten the interest-free portion of its offer for the next two program years to help with farm cash flow. Agriculture Minister Marie-Claude Bibeau on Thursday announced a temporary increase in the interest-free portion of the Advance Payments Program to $250,000, up from the usual […] Read more
Advance Payments Program to offer 100 per cent up front
Feds temporarily waive 60 per cent up-front limit
Canadian farmers seeking pre-production cash advances under the federal Advance Payments Program ahead of this year’s spring seeding will be able to get the entire eligible amount up front. Federal Agriculture Minister Marie-Claude Bibeau on Wednesday announced a “temporary waiving” of the program’s usual requirement that pre-production cash advances be issued in instalments of 60 […] Read more
Cash advance repayment deadlines extended
FCC gets added capital to boost lending capacity
Canadian farmers who have repayment deadlines coming up on their cash advances between now and the end of April will get extra time to repay those loans. The federal government on Monday announced a stay of default on loans coming due on or before April 30 under the Advance Payments Program (APP), among other measures […] Read more
ICE weekly outlook: More than weather behind canola uptrend
MarketsFarm — Canola’s sharp rise over the last week can be attributed not only to poor weather on the Prairies, but to other factors as well, according to MarketsFarm Pro analyst Mike Jubinville. For seven straight trading sessions, canola bids have climbed, from $445.60 per tonne at the close of trading on Sept. 27 to […] Read more
CCGA now accepting upgraded cash advance applications
Farmers can start applying for the new, higher cash advances from the Canadian Canola Growers Association (CCGA), starting Friday (June 7). “It’s three days earlier than we planned, but our team has been working very hard, along with program officials, to get this enhanced service in the hands of the hundreds of farmers who have […] Read more
CCGA cash advance applications out early
Among other changes to the program, applications are available earlier this year for spring cash advances through the Canadian Canola Growers Association (CCGA). The CCGA on Thursday announced it’s now accepting applications for the 2017-18 advance payments program (APP), which offers cash advances on 45 different crop and livestock commodities. The CCGA is the administrative […] Read more
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