Advanced Payments Program 2015-06-09T14:26:59+00:00

Advanced Payments Program

For the benefit of our farmers, Horticulture Nova Scotia administers AAFC Advance Payments Program (APP) loans. APP is a financial loan guarantee program giving producers easier access to credit through cash advances and, by improving their cash-flow, is designed to increase marketing opportunities for eligible producers of agricultural products. APP guarantees the repayment of cash advances issued to producers against their agricultural product(s). <

Advances provide up to 50% of the average market price producers are expected to receive for their agricultural product. Producers can potentially receive cash advances of up to $400,000, with the first $100,000 interest-free for up to 18 months (depending on product). Loans are available for the growing season beginning April 1 of each year, except for greenhouse growers where the start date for advances is earlier at December 1.

Advances are available to producers on almost any vegetable, strawberries, raspberries and highbush blueberries; fall loans are available on crops in storage.

For forms, please contact Horticulture Nova Scotia at 902-678-9335 or email info@horticulturens.ca

And for more information on APP, please visit http://www.agr.gc.ca/eng/?id=1290176119212.

Below are the advance rates for 2017:

Agricultural Product Name Ag.Product
Province
Administrator
Advance Rate
Unit of
Measure
Blueberries – High Bush NS  1.1116 Pound
Blueberries – Organic – High Bush NS  1.1834 Pound
Cranberries – Fresh Market NS  0.2910 Pound
Cranberries – Frozen NS  0.0970 Pound
Cranberries – Processing NS  0.0970 Pound
Raspberries –  fresh market NS  1.6587 Pound
Strawberries – Summer NS  0.9293 Pound
Strawberry Plants NS  0.0582 Plant
Cantaloup NS  0.1164 Pound
Corn (grain) NS  111.55 Tonne
Soybeans NS  223.10 Tonne
Beans – Dry NS  0.6693 Pound
Wheat – Winter NS  111.55 Tonne
Asparagus NS  1.2610 Pound
Leeks NS  0.5141 Pound
Onion – Bulb NS  0.0660 Pound
Onion – Bunching NS  0.2910 Pound
Rhubarb NS  0.1213 Pound
GH – Bell Peppers – Green NS  0.5238 Kilogram
GH – Bell Peppers – Orange NS  1.3580 Kilogram
GH – Bell Peppers – Red NS  1.3580 Kilogram
GH – Bell Peppers – Yellow NS  1.3580 Kilogram
GH – Cucumbers – Long English NS  3.0070 Dozen
GH – Tomatoes – Beefsteak NS  0.3589 Pound
GH – Tomatoes – Cluster NS  0.4850 Pound
Broccoli NS  0.2619 Pound
Brussels Sprouts NS  0.4423 Pound
Cabbage NS  0.0776 Pound
Cauliflower NS  0.1998 Pound
Lettuce – Iceberg NS  0.1591 Pound
Lettuce – Romaine NS  0.1591 Pound
Spinach NS  1.0088 Pound
Beets NS  0.2910 Pound
Carrots NS  0.0349 Pound
Carrots – Processing – Cut & Peel NS  0.0136 Pound
Carrots – Processing – Dicers NS  0.0136 Pound
Carrots – Processing – Slicers NS  0.0136 Pound
Parsnips NS  0.2231 Pound
Potatoes NS  4.3650 CWT
Radishes NS  0.1688 Pound
Rutabagas NS  0.0776 Pound
Corn – Sweet NS  0.1940 Pound
Cucumbers NS  0.1940 Pound
Peppers – Sweet NS  0.4171 Pound
Pumpkins NS  0.0776 Pound
Squash – Summer NS  0.1843 Pound
Squash – Winter NS  0.1843 Pound
Tomatoes – Field NS  0.4850 Pound