The Advance Payments Program (APP) of Agriculture and Agri-Food Canada provides producers with cash advances on eligible commodities. These advances provide producers with improved cash flow, therefore increasing the flexibility producers have in marketing their products. Producers can access up to $400,000 in advances, of which the first $100,000 is interest-free and the remaining $300,000 is interest-bearing. The amount of the advance reflects up to 50% of the expected market value of the agricultural product, and must be repaid upon sale of the commodity or at the end of the production period, whichever comes first.
While approximately 25,000 farmers across Canada participate in the Advance Payment Program, there are a significant number of farmers that have not participated in the program and have not obtained an interest-free loan. The Advance Payment Program is currently being evaluated by Agriculture and Agri-Food Canada and one evaluation goal is to find out why more Canadian farmers do not participate in the APP. Consequently, if you have not received an APP interest-free loan, Agriculture and Agri-Food Canada would like to know why as well as what changes to APP would increase participation by producers. Your feedback is very important to ensure that the APP benefits as many producers as possible. To provide your feedback, you can either:
Happy World Manure Day, a day to honour the stuff we call liquid gold.
No, it’s not World Manure Day, but here is a new Spreading Advisory for the BC South Coast. Expect it to last for most of the summer unless weather conditions change unexpectedly.
Find the Advisories and monthly Updates here: http://www2.gov.bc.ca/gov/topic.page?id=E69FB642584F4AD7A472D75B9FE8F3FE
ATTENTION NEW PRODUCERS
New Participant Deadline Notification
The deadline for new participants is April 30th,
As a producer, why should I participate in AgriStability?
It is important to participate in AgriStability as the program protects producers against declines in their net farming income due to:
- Market conditions
- Increased cost of production
- Production loss
AgriStability is a margin based program. It targets individual producers and corporations. It provides equitable, whole-farm support for most agriculture commodities.
How to Apply
- Producers who participated in the previous program year are automatically sent an enrolment notice for the new program year.
- Please notify us to enrol if you have never participated or previously opted out of the AgriStability program.
- Submit the online New Participant Package forms by April 30th, 2015 or request a New Participant Package by April 30th, 2015. Complete and return the forms within 30 days of receiving the package. The information provided will be used to produce an enrolment notice and calculate the enrolment fee.
If you need assistance please call toll free: 1-877-343-2767 or Email: Agristability@gov.bc.ca
Last week during the Canadian Horticultural Council’s annual general meeting Marcus Janzen was awarded the Doug Connery Award, celebrating leadership excellence. The award is presented to someone to honour their exemplary passion, commitment and dedication to advancing the interests of Canada’s Horticultural Industry. See photo.
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