Agriculture and Agri-Food Canada

Agriculture and Agri-Food Canada

June 05, 2006 20:47 ET

AAFC: House of Commons Passes Amendments to Advance Payment Programs

OTTAWA, ONTARIO--(CCNMatthews - June 5, 2006) - The Honourable Chuck Strahl, Minister of Agriculture and Agri-Food and Minister for the Canadian Wheat Board, today announced that amendments to the Agricultural Marketing Programs Act (AMPA) to improve cash advance programs for producers have been passed by the House of Commons.

"I am pleased that this new government has been able to work with the opposition to pass these amendments quickly through the House of Commons," said Minister Strahl. "We all recognize that improvements to cash advance programs are important for producers and the fact that the amendments are moving forward is good news."

Cash advance programs provide spring and fall cash advances to producers, a portion of which is interest free, to meet high cash flow requirements at spring seeding and fall harvest.



The government's proposed amendments introduced on May 18, 2006
would:

- consolidate the Advance Payments Program (fall) and the Spring
Credit Advance Program, as a single program under the AMPA;
- expand the coverage to include livestock and more crops;
- increase the overall limit on advances from $250,000 to $400,000;
and
- increase the amount of interest-free advances from $50,000 to
$100,000.


Contact Information

  • Agriculture and Agri-Food Canada, Ottawa
    Media Relations
    (613) 759-7972
    1-866-345-7972
    or
    Minister Strahl's office
    Jeff Howard
    Press Secretary
    (613) 759-1059