The Canadian Canola Growers Association says it’s waiting on information from the federal government before it can double farmers’ access to interest-free canola advance payments.
When the program changes are approved, the CCGA says it will take action to implement the higher interest-free benefit for canola quickly so that all farmers, including those who already have a 2025 cash advance, can benefit.
The CCGA will notify existing customers about the program changes and any actions required on their part.
They hope to make the process seamless for all farmers.
Ottawa announced late last week it would temporarily increase the interest-free portion for canola advances in the Advance Payments Program to $500,000 from $250,000 to aid farmers facing market disruptions due to Chinese tariffs on Canadian canola.
The change will be in place for the rest of 2025 and the 2026 program.
