Our recommendations with the APP is to increase the interest-free portion for beef cattle to half a million, to increase the overall cash advance limit to $3 million and to extend the repayment terms for beef cattle to 36 months. Essentially, this will enable producers to invest in their beef herds and also not have to sell at the bottom of the market. They can hold the cattle for a longer period of time, not putting this continual downward pressure on the market. It's about enabling producers to make the best financial decisions they can, so it gives them flexibility.
On May 4th, 2020. See this statement in context.