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Feds lock in higher interest-free portion on cash advances

Budget boost in effect as of Monday

Reading Time: 2 minutes 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


(Photo courtesy Canola Council of Canada)

Cash advances’ interest-free portion temporarily raised

APP funds now interest-free for first $250K

Reading Time: 2 minutes 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

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Advance Payments Program to offer 100 per cent up front

Feds temporarily waive 60 per cent up-front limit

Reading Time: 2 minutes 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


Agriculture Minister Marie-Claude Bibeau addresses the 2019 Dairy Farmers of Canada AGM in Saskatoon in July. (Photo courtesy AAFC)

Future payouts from dairy fund still up for discussion

Reading Time: 2 minutes What happens to the rest of Canada’s eight-year, $1.75 billion funding envelope to compensate its dairy farmers for other countries’ gains in market access is still up for discussion, according to the federal ag minister. In a statement Wednesday, Agriculture Minister Marie-Claude Bibeau said Ottawa gets that Canadian dairy farmers want more direct payments beyond […] Read more

(Photo courtesy Canola Council of Canada)

Grain growers get extension on 2018 APP repayment

Reading Time: 2 minutes Grain, oilseed and pulse crop growers who took out cash advances from the Advance Payments Program for the 2018-19 crop year will get an extra six months to repay, effective Friday. Federal Agriculture Minister Marie-Claude Bibeau on Thursday announced a six-month stay of default for APP advances on grains, oilseeds and pulses, to March 31, […] Read more