Govt raises interest-free limit of Advance Payments Program to $250,000 for 2024

eAwazLocal News

Ottawa – 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. Canadian producers have faced significant challenges, including elevated input prices and interest …