News Release: March 25, 2024 - Ottawa, Ontario - from Agriculture and Agri-Food Canada

The Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food, announced that the interest-free limit of the Advance Payments Program has been set at $250,000 for the 2024 program year.

2024 Program year begins April 1, 2024.

Producers can access up to $1,000,000.00 in total advance amounts.

*Average Processing time for a new advance is 7 to 10 business days.

Manitoba Livestock Cash Advance (MLCA) was established in 2007 to administer the ADVANCE PAYMENTS PROGRAM (APP) for Cattle producers in Manitoba and Saskatchewan. Sheep/Lamb producers in Manitoba, Saskatchewan, and Alberta. Goat producers in Manitoba, Saskatchewan, Alberta and British Columbia and Bison producers nationally. Beginning in 2015, MLCA began offering cash advances on a select number of crops in Manitoba and Saskatchewan.

The Advance Payments Program (APP) is a Federal loan guarantee program that helps producers meet their financial obligations and benefit from the best market conditions by improving their cash flow throughout the production period.

To be eligible producers must be a Canadian citizen or permanent resident. A corporation, cooperative, or partnership of which the majority interest is held by Canadian citizens or permanent residents.

Producers must also meet the security requirements. Cattle producers are now able to use Livestock Price Insurance (LPI)  as the Business Risk Management program for the Cattle cash advance, please see the FACT SHEET for more information.

2024 Administration fee of $250 per application ($300.00 for Bison applications and $350 for LPI applications). $75.00 for all sub-sequent advance application requests.

 Have any questions? We'd love to help....contact us at 1-866-869-4008

IMPORTANT DATES:

*Beginning January 2023 MLCA will be transitioning to email for statements and letters for Producers.