Winnipeg, MB — A recent change to the Advance Payments Program (APP) could save farmers who use the program up to $5,500 in interest costs over the next two years. The enhancement, announced on June 23 by Agriculture and Agri-Food Minister Marie-Claude Bibeau, will see the interest-free portion for a cash advance increased from $100,000 to $250,000 for the 2022 and 2023 programs.
“This change becomes effective June 20, and we’re eager to sort out the program details with the APP staff as quickly as possible so that farmers, both those who already have their 2022 cash advance along with those who will apply in 2022, can benefit from these changes,” says Dave... (read more)