Attention Essex County Farmers | Apr 1, 2020
New measures have been announced to help support Canadian farmers during the COVID-19 pandemic!
These measures include:
- An additional $5B to Farm Credit Canada
- “Stay of Default” for Advance Payments Program loans
- September 30, 2020: 2018 crash advances for cattle and bison
- October 31, 2020: 2019 cash advances on flowers and potted plants
- The APP announcement also sees all commodities other than canola, now eligible for an additional $100K interest free loan for the 2020-2021 program year (making the max, interest free loan for 2020-21, $200K)