Ottawa has announced support for farmers affected by the Chinese tariffs.
Ottawa increases AgriStability compensation in face of Chinese tariffs
APAS says significant concerns remain for farmers' immediate financial challenges
Changes to Advance Payments Program pleases Canadian Cattle Association
The Canadian Cattle Association says it’s pleased to see the interest-free portion of the Advance Payments Program continue at $250,000.
Federal government offers farmers relief but may not go far enough, says expert
Advance Payments Program interest free portion returned to $250,000
Federal government pledged $5 billion to diversifying exports, $1 billion in extra financing through Farm Credit Canada, and returned the Advance Payments Program interest-free portion to $250,000 from $100,000.
Federal budget promises lower costs, interest relief for farmers
Budget 2024 will see approximately $52 billion spent over five years
The 2024 federal budget, tabled today, promises several benefits for Canadian farmers.
Early application window open for 2024 cash advances
The Advance Payments Program is a federal loan program administered by CCGA
Western-Canadian farmers can apply for a 2024 spring cash advance through the Canadian Canola Growers Association starting today.
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
Interest-free cash advances get extra lift in federal budget
Fertilizer diversification, solids non-fat processing also up for funding
Federal Finance Minister Chrystia Freeland’s latest budget envelope for Canadian farmers up against rising costs of production includes a temporary boost to the interest-free portion of cash advances. Freeland’s 2023 federal budget, released Tuesday, includes $13 million in 2023-24 for Agriculture and Agri-Food Canada to temporarily increase the interest-free limit for loans under its Advance […] 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 boost to take effect next week
Regulations permanently expanding loan limits under the federal Advance Payments Program — and temporarily boosting interest-free advances for canola growers — are in place for applications to begin next Monday at the earliest. Agriculture Minister Marie-Claude Bibeau said Monday amendments to the Agricultural Marketing Programs Regulations are now in place to boost the APP loan […] Read more
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