Bill C-18: Agricultural Growth Act Expands Advance Payments Program
Bill C-18 has expanded the Advance Payments Program, starting for the 2015-16 program year. Major changes for CCGA include:
- More commodities, including all major field crops, livestock, and animals (45 commodities in total)
- Removal of withhold
- For advances on crops, proof of sale documentation is not required for repayments made from the beginning of the production period to January 31, 2016, except when requested by the administrator.
These are just some of the changes, be sure to read your application carefully for other changes to rules and regulations.
<Read the press release>
Repayment Extension for 2013-14 Advances
A Stay of Default has extended the 2013-14 APP repayment deadline for cash advances issued by CCGA to March 31, 2015
. Read more about the specific terms of the Stay <here>.
Changes to 2014-15 Repayment Timelines
Two important changes will affect repayments on 2014-15 cash advances, including:
The deadline to submit repayments to CCGA is extended to within 30 calendar days of receipt of payment or 60 calendar days of delivery to the buyer, whichever is earlier.
The deadline to submit proof of sale documentation has been extended to September 30, 2015.