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Minister MacDonald announces interest-free limit under the Advance Payments Program will be set at $250,000 for 2026 for all non-canola...
Published 1 month ago
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In the latest episode of the BC Food News podcast, host Jennifer English discussed significant updates from the Canadian agriculture sector, particularly the changes to the Advance Payments Program for 2026. This includes an increase in the interest-free limit for non-canola advances from $100,000 to $250,000, intended to give farmers greater financial relief. The program lets farmers receive up to one million dollars in cash advances based on their expected agricultural product value, assisting farmers to navigate unstable economic periods more efficiently. The Canadian Government also heightened the interest-free part of the program to $500,000 for canola advances in response to tariffs on the products. Besides, farmers have access to a range of business risk management programs. Approximately 8,618 producers are expected to gain from these new measures.
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