Agriculture Canada Interest Relief Program

2019-APP-Application-BCBFA-Interest-Relief

WHO IS ELIGIBLE?

Feeder Association Co-op Members

WHAT IS ELIGIBLE?

• Feeder Cattle. Breeding livestock are not eligible

INTEREST FREE PROVISION

A producer and any related producers are entitled to receive the $100,000.00 interest free entitle under the APP once during the production period for all eligible products (livestock and crops)

ADVANCE RATE 

• 50% of the expect market value as determined by Agriculture and Agri-Food Canada
• Each association will determine the portion of your feeder loan that is eligible for interest relief

PRODUCTION PERIOD

• Production periods are 24 months starting April 1^st of each year
• However, feeder co-op loans must still be paid out within 12 months

HOW TO APPLY

• Complete the Application form and submit it along with your feeder contract application
• Submit the $150.00 application fee