Farm Finance

Overview

 On February 28, 2008 amendments to the Agricultural Products Marketing Act received Royal Assent. These amendments to the Advance Payment Program will provide easier access to immediate cash flow by:

  • Removing the requirement for livestock producers to use a Business Risk Management program such as AgriStability as security for a cash advance and allowing producers to use inventory as security. This brings the treatment of livestock more in line with other produced commodities.
  • Adding "severe economic hardship" as a condition to offer emergency advances, on the recommendation of the Minister of Agriculture and Agri-Food and the Minister of Finance.
  • Revising the security requirements for emergency advances and increasing the emergency advance available to producers to a maximum of $400,000 in conditions of severe economic hardship.

The Advance Payments Program is a financial loan guarantee program that gives producers easier access to credit through cash advances and features up to $100,000 in interest-free loans.

Ontario livestock producers can contact the Agricultural Credit Corporation(ACC) to learn more about the Livestock Regular and Emergency Advance Payment Programs. 
 

OFA Fact Sheets

Farm Property Class Tax Rate Program Process
(June 2, 2016)


Submissions & Correspondence

OFA letter regarding an amendment to the Income Tax Act
(August 8, 2016)

OFA submission regarding Northern Ag Strategy
(June 29, 2016)

OFA Pre-budget Submission to Standing Committee on Finance and Economic Affairs
(January 22, 2016)


Additional Information

Livestock Regular and Emergency Advance Payment Programs
(July 10, 2012)

2008-09 Emergency Advance Payment Program for Cattle
(January 1, 2009)

2008-09 Regular Advance Payment Program for Cattle
(January 1, 2009)


News

OFA: Three things we want to see in the provincial budget
(January 22, 2016 - Water, Land Use Policy & Farmland Preservation, Municipal Government, Rural Economic Development, Nutrient Management, Farm Property, Health Care, Farm Labour & Safety, Farm Finance, Taxation, Farm Income, Transportation, Open for Business , Local Food, Natural Gas Infrastructure, Food Literacy, Provincial Funding Transfers to Municipalities )

Diversified agri-food sector to drive northern growth
(July 14, 2016 - Land Use Policy & Farmland Preservation, Rural Economic Development, Agri-Food Research, Environmental, Farm Labour & Safety, Farm Finance, Beginning Farmer Programming, Transportation, Local Food, Climate Change, Agri-Skills Training)

Investments in Ontario’s rural economy can relieve pressure on cities
(March 3, 2017 - Farm Finance)


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