Statement on Changes to APP Interest-Free Limit in Budget 2023

Apr 27, 2023

Winnipeg, MB—Finance Minister, Chrystia Freeland, tabled Budget 2023 on March 28, 2023. Budget 2023 contains a proposed increase to the interest-free portion of the 2023 Advance Payments Program from $250,000 to $350,000.

Budget 2023 has been tabled and there are numerous steps in the legislative process that will occur in the coming weeks. Currently, Budget 2023 has not been passed and the various legislative pieces will take time to be enacted and implemented.

Canadian Canola Growers Association (CCGA) will be watching Budget 2023 as it progresses through the legislative process. At this time, we are unable to determine when the proposed regulatory changes to the interest-free portion of an advance may come into effect for the 2023 program year.

As we have done with prior mid-year program changes, CCGA will promptly advise customers about this change once we have more details from Agriculture and Agri-Food Canada. CCGA’s website will be updated when additional information becomes available.

The Advance Payments Program is a federal loan program administered by CCGA. It offers Canadian farmers marketing flexibility through interest-free and low interest cash advances.

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Video: Agriculture Secretary Rollins Speaks at American Farm Bureau Federation Convention in Anaheim

One of the highlights at the 2026 American Farm Bureau Federation Convention in Anaheim, California, was an address by U.S. Secretary of Agriculture Brooke Rollins. During her remarks, she thanked America’s farmers and ranchers and said the Trump Administration is fully aware that food security is national security.

She also acknowledged the challenging times in Farm Country with low commodity prices and high input costs and said that’s why the President stepped in to help with the recent Bridge Assistance Program.

Montana Farm Bureau Federation Executive Vice President Scott Kulbeck says that Farm Bureau members are appreciative of the help and looks forward to working with the American Farm Bureau Federation and its presence in Washington, DC to keep farmers and ranchers in business.

Secretary Rollins said the Trump Administration is also committed to helping ranchers build back America’s cattle herd while also providing more high-quality U.S. beef at the meat case for consumers.

And she also announced more assistance for specialty crop producers who only received a fraction of the $12 billion Farmer Bridge Assistance (FBA).

It’s important to note that producers who qualify for Farmer Bridge Assistance can expect the Farm Service Agency to start issuing payments in late February. For more information, farmers and ranchers are encouraged to contact their local USDA Service Center.