Advance Payments Program Now Available Through Alberta Sugar Beet Growers
Advance Payments Program is now available through Alberta Sugar Beet Growers
The Advance Payments Program (APP) is a financial loan guarantee program that gives producers easier access to credit through cash advances.
This means improved cash flow throughout the year and better opportunities for marketing their agricultural products.
A number of producer organizations across the country are delivering cash advances under the APP. These producer organizations are listed along with the list of agricultural products on which they are offering cash advances at the following link: Participating Producer Organizations. As new producer organizations are ready to deliver the program, they will be listed on the APP Web site.
The Advance Payments Program (APP) provides producers with a cash advance on the value of their agricultural products during a specified period. By improving their cash flow throughout the year, the APP helps crop and livestock producers meet their financial obligations and benefit from the best market conditions.
Under the APP, the federal government guarantees repayment of cash advances issued to farmers by the producer organization. These guarantees help the producer organization borrow money from financial institutions at lower interest rates and issue producers a cash advance on the anticipated value of their f