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
Feds lock in higher interest-free portion on cash advances
Budget boost in effect as of Monday
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
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
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
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
Loans pledged for wildfire-damaged Alberta farms
Ranchers and farmers in two southeastern Alberta municipalities hit by wildfire in mid-October may soon be able to apply for interest-free rebuilding loans. The province’s Agriculture Financial Services Corp. (AFSC) on Wednesday announced loan applications will be available Jan. 8 for eligible producers in Cypress County and the MD of Acadia. Applications under the Hilda […] Read more
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