Repayment of 2018 cash advances now due

Deadline is September 30

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If you took advantage of Ottawa’s extended repayment deadline for cash advances, the time to pay the loan has run out.

In March, the deadlines for repayments of 2018 cash advances for grains, oilseeds pulses, cattle and bison were extended to Sept. 30 (from April 30 previously) because of the pandemic.

The extensions, which affected up to $173 million in deferred loans, were meant to provide farmers with flexibility in managing cash flow against lower commodity prices or “reduced marketing opportunities,” the government said at the time.

Those who took advantage of the extended ‘stay of default’ have to repay the 2018 advances in full by the end of the month.

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