About the Program
The Advance Payments Program (APP) is a federal program under the Agriculture Marketing Programs Act (AMPA), which provides agriculture producers with easy access to low-interest cash advances for livestock and crops.
Under the program, beef farmers can access up to $1,000,000 per program year in advances based on the value of their cattle. The Government of Canada covers the interest on the first $350,000* advanced to the farmer, and advances are repaid once the cattle are sold.
Beef Farmers of Ontario (BFO) administers the interest-free provision of the APP for the feeder co operatives across the province. This provision is permitted because the Ontario Ministry of Agriculture, Food & Rural Affairs guarantees the Ontario Feeder Cattle Loan Guarantee Program.
To be eligible for the interest-free provision, members will have to complete an APP application form, pay the respective fee and meet the APP criteria.
* On May 8, 2023, a temporary increase to the interest-free limit for advances under the Advance Payments Program (APP) was granted by the Minister of Agriculture and Agri-Food. The interest-free limit will increase from $100,000 to $350,000 for the 2023 production year. This is the portion of advances on which the Government of Canada pays the interest on behalf of producers.
For more information on the APP program, contact Cheryl Russwurm, Program Supervisor of the Feeder and Breeder Loan Co-op Programs.