Published on December 2nd, 2015 | by OBN News
Ontario-grown Hops now eligible for Advanced Payment ProgramTweet
Guelph, ON – Hops are now eligible under the Agriculture and Agri-Food Canada’s Advanced Payment Program the 2016-2017 growing season, according to ONspecialtycrops.
Delivered by the Agricultural Credit Corporation (ACC) in Ontario, the program is a federal loan guarantee program that aiding crop, livestock, greenhouse and nursery landscape producers to meet financial obligations and benefit from the best market conditions by improving their cash flow throughout the year.
Rates for the 2016-17 growing season are $4.95/dry lb.
Hop specific information has not yet been posted but will be available shortly. Hop program deadlines and rates include:
- 2016-17 Advance available date: 1 April, 2016
- 2016-17 Application deadline: 31 March, 2017
- 2016-17 Repayment deadline: 30 September, 2017
- 2016-17 Advance rates: $4.95/ dry lb for ON, AB, BC, MB, NB, NS, and $5.95/dry lb for PEI