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Minister MacAulay raises interest-free limit of the Advance Payments Program to $250,000 for 2024
| Today, the Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food, announced that the interest-free limit of the Advance Payments Program has been set at $250,000 for the 2024 program year. This is the portion of advances on which the Government of Canada pays the interest on behalf of producers.
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Government of Canada further increases interest relief to help producers manage financial challenges
| In recognition of the significant financial challenges facing Canadian producers, the Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau, today confirmed that the interest-free limit of the Advance Payments Program has been increased from $250,000 to $350,000 for the 2023 program year, effective May 8, 2023. This is the portion of advances on which the Government of Canada pays the interest on behalf of producers.
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ACC’s New Initiative
| Dear valued customers, In order to ensure that ACC continues to leverage technology to the fullest extent, as of November 2022 ACC will be implementing a new loan software system for the 2023 program year. During this implementation we ask for your patience and support through this transition period. Thank you for your cooperation.
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Government of Canada Announces Interest Relief for Agriculture Producers
| Today, the Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau, announced that the interest-free portion of the Advance Payments Program will increase from $100,000 to $250,000 for the 2022 and 2023 program years.
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