The advances are in two parts. There's an interest-free portion and an interest-bearing portion. In the case of a default, the producer would pay 0.25% on the interest-free portion back to the date of the advance to the date of the default.
November 25th, 2010 / 9:45 a.m.
Director General, Finance and Renewal Programs Directorate, Farm Financial Programs Branch, Department of Agriculture and Agri-Food
The advances are in two parts. There's an interest-free portion and an interest-bearing portion. In the case of a default, the producer would pay 0.25% on the interest-free portion back to the date of the advance to the date of the default.
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