Advance Payment Program
The Advanced Payments Program provides cash advances to Canadian producers of up to $400,000 with the first $100,000 interest free and the balance at prime. With the support and assistance of the Ontario Sheep Farmers, Agricultural Credit Corporation (ACC) has been successful in improving the Advance Payments Program for sheep producers in Ontario.
The program for sheep producers commences March 1st of each year. A producer can apply anytime between March and the following February each year on current inventory that is intended to be sold in the current program year.