The amount producers must repay to CCGA is the total of the advance funds issued, plus the administration fee, plus any interest, if owing. Repayments will first be applied to any default amounts outstanding, then applied to the oldest advance, next against any interest free portion of the advance, and last to any interest bearing portion of an advance.
For grain, livestock, and animal advances (excluding continuous flow livestock), producers are required to repay their advance as the commodity, for which the advance was taken, is sold. Repayment at the advance rate in effect at time of issuance is required within 30 calendar days of receipt of payment or within 60 calendar days of delivery to a buyer, whichever is earlier. The full balance of an advance must be repaid by the end of the production period.
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.