Thank you, Chair. Yes, I will be splitting my time with Mr. Turnbull.
I want to thank the officials for being here.
Thank you, Minister, for being here today, and for visiting my riding in Kitchener—Conestoga recently for this year's first local harvest, which was by maple syrup producers. I appreciate that.
We all know that one of the challenges for farmers is the need to pay up front for various inputs and expenses. Returns on farmers' investments typically come in the fall, after the harvest is complete and crops are sold. The time gap between expenses and revenues can sometimes cause financial strain for farmers. They have ongoing costs that need to be covered throughout the growing season, which is why the advance payments program is such an important and popular loan program for farmers, helping to alleviate that burden of upfront costs.
In our latest budget, the government once again raised the interest-free portion of the advance payments program.
Through you, Chair, can the minister share more details about the advance payments program—its importance and the positive impact it can have for our hard-working farmers in my riding of Kitchener—Conestoga or anywhere in Canada?