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Tag Archives Advance Payments Program

(Photo courtesy Canola Council of Canada)
General

Cash advances’ interest-free portion temporarily raised

APP funds now interest-free for first $250K

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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
(Lightspeedshutter/iStock/Getty Images)
Crops

Advance Payments Program to offer 100 per cent up front

Feds temporarily waive 60 per cent up-front limit

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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
Ag Minister Marie-Claude Bibeau speaks to media at Cigi in Winnipeg on March 13, 2019. (Dave Bedard photo)
Canola, Crops

Cash advance boost to take effect next week

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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
One advantage to the Advance Payments Program is that producers only repay the cash advance as they sell the product they took the advance against.
Crops, Features

Cash advances eases interest rate pain

The federal government's Advance Payments Program offers interest free farm loans

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Over 10,000 producers use the Canadian Canola Growers Association’s (CCGA) cash advance program every year. The program advances around $1.5 billion annually, mainly to grain and oilseeds operations. CCGA is one of largest administrators of the Advance Payments Program (APP) to Western Canadian producers. The APP is a federal government program made available through Agriculture […] Read more
CN locomotives in Winnipeg. (Photo courtesy CN)
Crops, Machinery, Weather

CN apologizes as farm groups, Ottawa press on rail service

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Canada’s largest railway has taken the unusual step of apologizing for its pace of grain delivery in recent weeks and pledging “immediate steps” to improve its grain handle. After parting ways with its CEO Luc Jobin on Monday, Canadian National Railway (CN), through interim CEO Jean-Jacques Ruest, said Wednesday it “apologize(s) for not meeting the […] Read more

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