Advance Payments Program - 1. Overview
Increase to the APP advance limits for 2019
Amendments made to the Agricultural Marketing Programs Regulations increase loan limits from $400,000 to $1 million for all producers on a permanent basis, and increase the interest-free portion of loans on canola advances from $100,000 to $500,000 in the 2019 program year under the APP. Producers of all other commodities can continue to receive up to $100,000 interest-free. As of May 29, canola advances are eligible for up to $400,000 in interest-free loans. Producers will be able to apply for the new amounts as early as June 10 and new advances above $400,000 will be issued as of June 26.
Print this fact sheet for use at events and meetings to promote the program.
The Advance Payments Program (APP) is a federal loan guarantee program which provides agricultural producers with easy access to low-interest cash advances.
Under the program, producers can access up to $400,000 per program year in advances based on the value of their agricultural product, with the Government of Canada paying the interest on the first $100,000 advanced to a producer. Advances are repaid as the producer sells their agricultural product, with up to 18 months to fully repay the advance for most commodities (up to 24 months for cattle and bison).
As a producer, an APP advance can help you to meet your financial needs, such as farm input costs, immediate financial obligations, and product marketing costs. It can also allow you to make the decision to sell your agricultural products based on market conditions rather than the need for cash flow.
APP advances are available through 36 participating Producer Organizations, that is, APP Administrators, across Canada.
Advance Payments Program
1341 Baseline Road, Tower 7, 7th Floor
Toll Free Number: 1-866-367-8506
Our goal is to respond to general inquiries made to our phone number or email address before the end of the next business day. Or contact one of our Advance Payment Program Administrators.
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