Mr. Speaker, on behalf of Agriculture and Agri-Food Canada, including the Canadian Pari-Mutuel Agency, in response to (a), on May 1, 2019, the government announced that it intends to amend the agricultural marketing programs regulations to temporarily increase loan limits under the advance payments program for 2019.
In response to (b), the regulatory amendment would change the 2019 loan limits to allow for advances of up to $1 million on all commodities. The first $100,000 of the advances will remain interest-free on all commodities, except canola. Canola advances will be eligible for up to $500,000 interest-free.
In response to (c), as of May 29, canola advances are eligible for up to $400,000 in interest-free loans. Producers will be able to apply for the new amounts as early as June 10, and new advances above $400,000 will be issued as of June 26.