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

Apr 27, 2023

Winnipeg, MB—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.

The Advance Payments Program is a federal loan program administered by CCGA. It offers Canadian farmers marketing flexibility through interest-free and low interest cash advances.

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Video: We’ll NEVER Use These Grain Bins Again!

A huge change is happening on the farm — our new grain bin has officially arrived, and that means we’ll never use some of our old grain bins again. In today's video, we take delivery of the new grain bin, look back at the old bins that have been part of our farm for years, and talk about why this upgrade is such a big deal for harvest, grain storage, and the future of our family farm.

This is more than just a grain bin delivery. It’s the end of an era and the start of a major farm upgrade that will completely change how we handle corn during harvest. From old grain storage to a brand-new bin setup, this project is one of the biggest improvements we’ve made at the farm.

Join me as the new grain bin shows up, the bin project continues, and we prepare for a new chapter in harvest efficiency on our Minnesota family farm.