Advance Payments Program

 
 
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Program Information
 
 
 

Agency:

Agriculture and Agri-Food Canada

For Further Information Contact:

Tel: 1-888-346-2511
Web: http://www4.agr.gc.ca/AAFC-AAC/display-afficher.do?id=1178036035451&lang=eng
Email: info@agr.gc.ca
 
Eligibility
Alberta Cattle Producers
 
 

 
Program Details
 
 
  The Advance Payments Program (APP) is a financial loan guarantee program that gives producers easier access to credit through cash advances.

This means improved cash flow throughout the year and better opportunities for marketing their agricultural products.

A number of producer organizations across the country are delivering cash advances under the APP. These producer organizations are listed along with the list of agricultural products on which they are offering cash advances at the following link: Participating Producer Organizations. As new producer organizations are ready to deliver the program, they will be listed on the APP Web site.

Program Highlights:

  • The limit on cash advances is $400,000 with the first $100,000 interest-free.
  • Coverage includes livestock and a variety of crops.
  • Producers have up to 18 months (generally April to September of the following year) to get and repay their cash advances.
  • Hog and cattle producers can receive emergency advances under conditions of severe economic hardship until March 31, 2009.1237508481342
  • Cattle and hog producers now have until September 30, 2010, to repay 2008-2009 cash advances under the Advance Payment Program (APP).
 
 
 
 
For more information about the content of this document, contact Ag-Info Centre.

Last Reviewed/Revised on April 14, 2009.