UPDATED — The interest-free limit for non-canola advances under the Advance Payments Program has been set at $250,000 for 2026.
This extends the $250,000 limit, which was set in March 2025.
Producers can receive an additional $250,000 interest free on canola only for a total of $500,000.
“By increasing the interest-free portion of the Advance Payments Program, we’re helping farmers manage costs, while giving them more flexibility to market their products on their terms,” Agriculture and Agri-Food Minister Heath MacDonald said in an April 1 news release.
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The program offers up to $1 million to Canadian farmers based on the expected value of their agricultural products. Twenty-four industry groups across Canada deliver the program.
The Canadian Federation of Agriculture praised the extension of the $250,000 interest-free limit.
“Maintaining the $250,000 interest free portion reflects the realities farmers are facing today,” said CFA president Keith Currie.
“We are seeing continued volatility in input costs, supply chains and global markets, and this type of support is important in helping farmers navigate those pressures.”
“We look forward to continuing to work with government to secure a permanent increase to the interest free portion of the program, so that producers have the predictability they need to make informed business decisions in an increasingly complex operating environment,” he added.
