How much funding can be received?

<p>Get a low-interest, repayable cash advance of up to $1 million, with interest on the first $350,000 paid by the federal government. The advance covers 50% of the expected market value of the agricultural products you will produce or have in storage for th</p>

grant_single_labels|terms_and_conditions

The Advance Payments Program offers a structured financing approach to support Canadian agricultural producers with their cash flow needs. The program provides financial flexibility through interest subsidies and preferential advances.

Producers can access up to $1,000,000 in total advances per program year based on the value of eligible agricultural products.
The Government of Canada covers the interest on the first $250,000 of advances for the 2024 program year.
Preferential interest rates apply to the remainder of the advances beyond the interest-free portion.
Repayments are tied to the sale of agricultural products, offering up to 18 months for most products and up to 24 months for cattle and bison.
Advances must be secured against the agricultural products, with additional security required for non-storable products, animals, or animal products.
Security may include proceeds from eligible business risk management programs or other accepted forms.
For producers declared in default, provided security can be utilized to repay the advance.

grant_single_labels|projects

grant_single|admissibleProjectsExample

$ 75,000

Organic vegetable production and marketing for local communities

$ 50,000

Development of a comprehensive marketing campaign for honey products

$ 250,000

Purchase of modern farming equipment to increase yield efficiency

$ 150,000

Implementation of advanced hydroponic systems for year-round vegetable farming

$ 100,000

Introduction of eco-friendly packaging for dairy products to reduce plastic waste

$ 175,000

Expansion of cold storage facilities for perishable agricultural products

grant_single_labels|admissibility

To be eligible for the Advance Payments Program, applicants must meet certain criteria related to their status and the security provided for the advance.

The applicant must be an agricultural producer.
The cash advance must be secured by the value of the agricultural products either in production or in storage.
For agricultural products that are in production or non-storable, or for animals or animal products, additional security is required, potentially involving business risk management program proceeds or other acceptable forms of security.

grant_eligibility_criteria|who_can_apply

Eligible applicants for the Advance Payments Program (APP) include Canadian agricultural producers who are involved in the production or storage of eligible agricultural products. These producers must be able to provide the required security for the advance, such as the agricultural product itself or the potential proceeds from an eligible business risk management program. Furthermore, producers need to work with one of the 27 participating producer organizations (APP Administrators) across Canada to access the program.

grant_eligibility_criteria|who_cannot_apply

There are specific types of companies that are not eligible for this grant. They include:

Companies that do not produce or store eligible agricultural products
Non-agricultural businesses
Companies with outstanding defaults on previous APP advances

grant_eligibility_criteria|eligible_expenses

The Advance Payments Program offers financial assistance to agricultural producers, facilitating access to low-cost cash advances. This is critical for ensuring that producers can manage their cash flow and make informed marketing decisions based on market conditions rather than financial necessity.

Access up to $1,000,000 in total advances per program year based on the value of eligible agricultural products.
Interest-free cash advances on the first $250,000 for 2024 to help manage costs until product sale.
Repayment structured around the sale of agricultural products, offering up to 18 months for most commodities, and up to 24 months for cattle and bison.
Flexibility to sell agricultural products based on market conditions, not immediate cash needs.
Participation through one of 27 producer organizations acting as APP Administrators across Canada.
Requirement to provide eligible security for an advance, ensuring financial safeguards are maintained.

grant_eligibility_criteria|zone

This grant is available to agricultural producers across Canada as the program is administered by federal authorities and 27 participating producer organizations nationwide.

Producers and organizations throughout Canada.

grant_single_labels|criteria

There are evaluation and selection criteria for this grant.

Producers must meet eligibility requirements
Security must be provided for the advance
The value of the advance may be limited by the provided security
Repayment terms and conditions must be met
Compliance with program guidelines and regulations

grant_single_labels|register

Here are the steps to apply for this grant:

Step 3: How to apply
- Contact your chosen APP Administrator from the list of 27 participating producer organizations to initiate the application process.
- Discuss the terms of the advance and any additional documentation or security they require.
- Complete the application form provided by the APP Administrator, detailing the type and value of the agricultural products for which the advance is sought.
- Submit the completed application form along with any required supporting documents to your APP Administrator.
Step 4: After you apply
- Await confirmation and approval from your APP Administrator regarding your application status.
- Upon approval, receive your cash advance based on the agreed terms.

grant_single_labels|otherInfo

Additional information regarding the Advance Payments Program:

There are 27 participating APP Administrators across Canada, responsible for administering the advances to producers.
The program aims to reduce costs to producers and use of government funds by providing a financial guarantee and paying the interest on a portion of the advance.
Advance Payments are calculated based on up to 50% of the anticipated market value of eligible agricultural products.
Security must always include the agricultural products on which the advance is based; additional security may be required for non-storable products or animals.
The program provides flexibility by allowing producers to sell based on market conditions rather than immediate financial needs.