Area
Canada
Commodity Group
Oilseeds, oils and meals
Commodity
Grains, oilseeds, pulses
Date
01/08/2019
Policy Category
Production
Policy Instrument
Farmer relief measures
Description
Announced that crop producers affected by low prices, reduced marketing opportunities or falling incomes would be granted an additional six months to repay outstanding 2018 cash advances received under Canadas loan guarantee programme.
Notes
In August, Canadas Agriculture and Agri-Food Ministry announced that crop producers who have been impacted by low prices, reduced marketing opportunities or falling incomes, would be granted an additional six months to repay outstanding 2018 cash advances linked to the ministrys financial loan guarantee programme (Advance Payments Program). Reportedly, a special Stay-of-Default scheme would provide additional flexibility to repay cash advances, particularly for grain, oilseeds and pulses.
