Canada - Pork producers have more time to repay cash advances

Some cattle and hog producers facing hard financial times now have extra time to repay cash advances under the Advance Payment Program (APP).

Some cattle and hog producers facing hard financial times now have extra time to repay cash advances under the Advance Payment Program (APP).

Producers who took an advance in 2008-09 face the prospect of repaying large cash advances this fall, creating significant cash-flow pressures. A Stay of Default allows livestock producers to spread their repayments out over a longer period of time and avoid default.

Hog producers will have until March 31, 2013 to repay amounts owed, with regular repayments to begin eighteen months from the start of the Stay.

http://www.agr.gc.ca/cb/index_e.php?s1=n&s2=2010&page=n100806

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Canada - Pork producers have more time to repay cash advances

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