Winnipeg, Manitoba — Earlier today, Agriculture and Agri-Food Minister, Marie-Claude Bibeau, announced a series of enhancements to the Advance Payments Program (APP) that support farmers facing cash flow challenges in Canada's grains and oilseeds sector. These changes include increasing the maximum allowable limit available under the APP from $400,000 to $1,000,000, and expanding the program's interest-free component for canola from $100,000 to $500,000 until market conditions stabilize. The interest-free component will remain at $100,000 for all other commodities included under the APP.
"The current market situation is creating great uncertainty for farmers," says Bernie... (read more)