Statement on Changes to APP Interest-Free Limit in Budget 2023

Apr 20, 2023

Finance Minister, Chrystia Freeland, tabled Budget 2023 on March 28, 2023. Budget 2023 contains a proposed increase to the interest-free portion of the 2023 Advance Payments Program from $250,000 to $350,000.

Budget 2023 has been tabled and there are numerous steps in the legislative process that will occur in the coming weeks. Currently, Budget 2023 has not been passed and the various legislative pieces will take time to be enacted and implemented.

Canadian Canola Growers Association (CCGA) will be watching Budget 2023 as it progresses through the legislative process. At this time, we are unable to determine when the proposed regulatory changes to the interest-free portion of an advance may come into effect for the 2023 program year.

As we have done with prior mid-year program changes, CCGA will promptly advise customers about this change once we have more details from Agriculture and Agri-Food Canada. CCGA’s website will be updated when additional information becomes available.

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Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.