Ontario beef farmers receive extension for repaying federal advance payment loans Tuesday, May 13, 2014 by JIM ALGIE Recent adjustments to extend the repayment period for federal advance payment loans should help Ontario cattle farmers, a recent Beef Farmers of Ontario (BFO) newsletter says. Administered by the Guelph-based, Agricultural Credit Corporation, the federal advance payments program provides growers with up to $400,000 in operating capital. The first $100,000 of such loans is free of interest cost with the remaining balance up to $300,000 at bank prime rates. Changes announced March 19 include a single, stream-lined, application process, quicker approvals and new repayment rules for cattle farmers with constant inventory. A BFO newsletter published last Friday says “advances can now be repaid up to a year after issuance rather than upon the sale of cattle.” The changes followed recommendations by BFO, said the newsletter article that was attributed to that organization’s communications manager LeaAnne Wuermli. It means farmers “can realize more savings by extending their interest-free portion of the loan to a full year versus paying back on their first sales of cattle,” the newsletter says. The program for cattle farmers opens annually, April 1, and remains open to applications between April and the following March. Loans are available on current inventory held for sale during the current program year. Advance loans for livestock require that borrowers be enrolled in the federal Agristability program which provides insurance against large margin declines. Agricultural Credit Corporation (ACC) is a not-for-profit farm organization formed in 1992 by a coalition of farm organizations now including 19 producer groups. Since it began, the corporation has loaned more than $4 billion to Canadian farmers, a statement on the ACC website says. BF Few details available about impact on Ontario farmers of most recent food processing plant closure Projects receive Greenbelt funding
$18.4M Boost for Canadian Cereal Grain Innovation Thursday, September 19, 2024 Gate Project Receives Major Funding for Research Canada's position as a pioneer in cereal grain research is set to strengthen with the Gate Capital Campaign raising $18.4 million. This funding will support the Global Agriculture Technology Exchange (Gate) initiative, a project... Read this article online
BASF introduces Surtain herbicide for field corn growers Tuesday, September 17, 2024 Field corn growers in eastern Canada have a new crop protection product available to them. After about 10 years of research and trials, BASF has introduced Surtain, a residual herbicide for corn that combines PPO inhibitor saflufenacil (Group 14) and pyroxasulfone (Group 15) in a premix... Read this article online
We Didn’t Start the Fire! Impacts of Wildfire Smoke on Corn Monday, September 16, 2024 Assistant Professor of Corn Production at Purdue University’s College of Agriculture, Daniel Quinn, PhD. recently provided fascinating insights into the impacts of fire on major corn producing areas, many of which have been impacted by smoke from wildfires. Quinn was the keynote... Read this article online
New home for the Christian Farmers Federation of Ontario Saturday, September 14, 2024 The Christian Farmers Federation of Ontario (CFFO) has announced it has moved into its new office building in Ingersoll. Located at 274620 27th Line in Ingersoll, the new office will serve as the hub for CFFO’s ongoing efforts to advocate for and support Ontario’s Christian farmers.... Read this article online
Canadian Ag Youth Council Welcomes new Members Saturday, September 14, 2024 Agriculture and Agri-Food Canada has announced the latest members to join the Canadian Agricultural Youth Council (CAYC). This update introduces nine fresh members alongside thirteen returning youths, marking a significant step towards involving young voices in agricultural... Read this article online