Are Advance Payments Program advances available to producers year-round?
Yes. The availability of cash advances is controlled to an extent by the agreement the administrator negotiates with AAFC. Under the program, a production period is usually 18 months, or 24 months for cattle and bison, and advances issued are always linked to a production period. The administrator, when considering the needs of producers it is serving, generally decides on the timing of advances based on producers’ production cycles.
Once a producer has reached their interest-free limit or their overall maximum eligible advance limit, they will not be eligible to receive another advance during the production period. The producer will however be eligible for another advance in the next production period as long as all outstanding advances remain within the maximum $1 million overall advance limit.