AreaCanada

Commodity GroupOilseeds, oils and meals

CommodityGrains, oilseeds, pulses

Date01/08/2019

Policy CategoryProduction

Policy InstrumentFarmer relief measures

DescriptionAnnounced 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 Canada’s loan guarantee programme.

NotesIn August, Canada’s 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 ministry’s 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.