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.
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.
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.
Government of Canada announces changes to the Advance Payments Program
| Exceptional circumstances such as feed shortages due to drought and delays stemming from the global pandemic and the war in Ukraine have disrupted supply chains and increased input costs for Canadian farmers, including for fuel and fertilizer. In these challenging times, it is important that farmers have the support they need to ensure a successful 2022 planting season.