Producers to benefit from reduced red tape, ease of access, and flexible repayment options
March 30, 2015 – Saskatoon, Saskatchewan – Agriculture and Agri-Food Canada
Agriculture Minister Gerry Ritz today highlighted major enhancements to the Advance Payments Program (APP) designed to improve and streamline administration, provide greater flexibility and more repayment options, and ease access to the program for producers.
On February 27, 2015, the Government announced the coming into force of the Agricultural Growth Act which makes improvements to the Advance Payments Program (APP). The Act modernizes and strengthens federal agriculture legislation, supports innovation in the Canadian agriculture industry and enhances global market opportunities.
Many of the changes implemented under the Act will take effect on April 1, 2015, for the 2015 Program Year, in time to help producers plan for the new production year. The new Act also allows for further improvements to be implemented once amendments to the related regulations are completed.
- The APP is a federal loan guarantee program that helps agricultural producers benefit from the best market conditions by improving their cash flow throughout the year.
- Starting April 1, producers can now request advances for all their commodities through one application with a single administrator, significantly reducing their paper burden.
- In addition, there is no longer a requirement for a farmer to be principally occupied in farming in order to utilize APP.
- Across Canada, more than $1.9 billion in advances has been provided to close to 21,000 producers for the 2014 program year to date.
“Our Government remains committed to supporting Canada’s producers and our world-class agriculture industry to ensure it remains competitive on world markets. We’ve improved the Advance Payments Program to give farmers a more flexible tool to manage their cash flow, while cutting red tape and improving efficiency.”
– Agriculture Minister Gerry Ritz
“The Advance Payments Program is a valuable marketing and cash flow management tool for farmers. Our organization is continually looking for opportunities to enhance producer prosperity, so improvements that make this program more accessible and easier for farmers to use are welcomed news.”
– Dale Leftwich, President of SaskCanola
“The cash advance program is a tool that can help Canadian cattle producers to market their cattle when they see the best opportunities. The changes in C-18 make it more user friendly for producers across Canada. I urge cattle producers to evaluate all their business risk options including the cash advance, price insurance and AgriStability. These tools can help producers to maximize the opportunities and manage some of the risks the current market provides.”
– Dave Solverson, President of the Canadian Cattlemen’s Association
- Minister Ritz announces Royal Assent of Agricultural Growth Act, 27 February, 2015
- Advance Payments Program
- Infographic: Advance Payments Program
Director of Communications
Office of the Honourable Gerry Ritz
Agriculture and Agri-Food Canada
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