NEW 2016 Program Year begins April 2016
MLCA is happy to offer advances on a select number of Crops for Manitoba and Saskatchewan, as well as your Livestock. Please see the rate page for commodities and prices!
Manitoba Livestock Cash Advance was established in 2007 to administer the ADVANCE PAYMENTS PROGRAM (APP) for Cattle producers in Manitoba and Saskatchewan. Sheep/Lamb producers in Manitoba, Saskatchewan, and Alberta. Goat producers in Manitoba, Saskatchewan, Alberta and British Columbia and Bison producers nationally.
The Advance Payments Program (APP) is a federal loan guarantee program that helps producers meet their financial obligations and benefit from the best market conditions by improving their cash flow throughout the production period.
To be eligible producers must be a Canadian citizen or permanent resident. A corporation, cooperative, or partnership of which the majority interest is held by Canadian citizens or permanent residents.
Producers must also meet the security requirements.
Producers can access cash advances of up to $400,000.00, with the first $100,000.00 of the cash advances being interest free.
Administration fee of $250.00 per application, $75.00 for subsequent advances.
Have any questions? We'd love to help....contact us at 1-866-869-4008
Note that there will be a 3.00% (2014) holdback of funds on loan advances. (To be credited back to loan on payout date)
For all standard Cash Advances repayments are to be made as the inventory is sold.
**New terms of repayment are now in effect. Please see "Fact Sheet" for details
24 Month Production period for Cattle and Bison.
2014 Cattle and Bison Standard Advances final maturity date is March 31, 2016
(*Repayments to be made as the inventory is sold)
2015 Crop, Sheep and Goat Advances final maturity date is September 30, 2016