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BC News and Information Canadian Livestock Advance Program Canadian Livestock Advance Association The Government of Canada recently made changes to the Advance Payment Program to make the
program more applicable to the livestock sector. The Advance Program was made available to livestock producers last
summer and the recent changes brought in an emergency advance program which is available to cattlemen in British Columbia.
There are now two Advance Payment Programs available to cattle producers in BC,
the regular Advance Payment Program and an Emergency Advance Payment Program. 2008/2009 Regular Advance
Program
(Q & A) The Regular Advance Program is designed to provide cash advances based
on number of cattle (excluding the breeding herd) which were produced on the ranch. At this time the program in BC does not
cover purchased inventory. This program is designed to increase the short term credit available to producers to make production
& marketing decisions. The Agriculture and Agrifood Canada Program provides up to $400,000
cash advances with the first $100,000 interest free. The interest on the additional $300,000 is at CIBC prime. Q & A’s Regular
Advance Program How Much Advance is Available? Advances are based on the expected market weight of the number of
animals you have on the ranch multiplied by the specified amount per animal. The amounts are listed in the table below. Advance Product Advance Rate per Unit EXAMPLE Are There Additional Fees & Holdbacks? There is an initial application fee of $150.00
and $75.00 for each additional application. There is a 3% withhold on all advances. In the above example the net amount of
the above would be $61,556.00 - (3% x 61,556) = $59,709.32 For what
time period are the advances available? The
regular program starts on April 1, 2008 and all advances must be repaid by September 30, 2009. How and When Are the Advance Repaid? The advances must be repaid when the cattle are sold or by Sept 30, 2009, which
ever is earlier. As animals are sold the administration must be paid within 7 days of receipt of payment or within 45 days
of delivery to the buyer which ever is earlier. Producers must repay all cash advances as well as the withholding fee, and
outstanding interest. What Additional Information is Required? In addition to the completed application form
producers must submit the 2007 Agristability Enrolment Notice and proof of inventory using 2 years of Calculation of Production
Benefits form showing CAIS inventory. Emergency Advance Payment
Program The Emergency Advance Program is funded by Agriculture and Agriculture Food Canada. The program
was announced in March 2008 due to sever economic hardship in the cattle and hog sector. The
program offers advances up to $100,000.00 and $300,000.00 at CIBC prime rate. Producers must participate in CAIS/Agristability.
The following are the differences between the Regular Advance Payment Program and the Emergency Advance Payment Program. Calculation of the Amount of the Advance Repayment of the Advances The
first instalment is a minimum of 50% of the advance and is due no later than 15 calendar days following the end of the 12
month period of the advance. The second instalment is due 30 calendar days after the first instalment. The program is available
from April 1, 2008 to September 30 2009. Advance are available any time during this period, however any advances received
after September 30 2008 must be repaid by September 30, 2009. All advances must be fully repaid no later than September 30,
2009. Priority Agreements With Lenders How Can A Rancher Use These Programs The following are situations where ranchers
may find the program useful to their business: Following their call to the CLAA office, producers will then receive the filled-in
application form via mail, which they must complete by signing and attaching proof of their 2007 Agri-Stability
enrolment (specifically pages 1 & 2). The completed package must be sent back to the CLAA office.
MAIL COMPLETED PACKAGES TO: Agriculture and Agri-Food Canada Website (General Advance Information): The program is also available to members of feeder associations. For more information
please phone 250 992 8483 or www.bcfba.ca. Bottom of Form VICTORIA - Premier Gordon Campbell realigned the provincial cabinet today to provide
more integrated services across government. The changes include five new ministers and new portfolios for seven of the current
ministers. New
ministers appointed today include: Ministers with new portfolios include: Ministers
retaining existing portfolios: New
members of cabinet were sworn into office by the Lieutenant-Governor in a ceremony today. "This new cabinet will continue to enhance partnerships and services that build strong, safe
communities in both rural and urban British Columbia by providing supports in key areas of housing and homelessness; economic
development; transportation and infrastructure; and multiculturalism," said Premier Campbell. "These changes will
allow us to continue to seize on the economic opportunities of being Canada's Pacific Gateway; ensure a healthy environment;
strengthen the New Relationship with First Nations; and make ongoing improvements to health care and education. "I want to thank the former ministers who have decided not to run for
re-election for their dedication and their service to all British Columbians," said Premier Campbell. "Every one
of them brought unique skills, abilities and insights to their portfolios and every one of them has had a positive impact
on our province."
Honourable Stan Hagen Stan Hagen was appointed Minister of Agriculture and Lands on June 23, 2008. Mr. Hagen had previously served as Minister of Tourism, Sport and the Arts, Minister of Children and Family Development,
Minister of Human Resources and Minister of Sustainable Resource Management. First elected in 1986, he represented the riding of Comox until 1991. He returned to politics in 2001 and was re-elected
in the riding of Comox Valley, where he was re-elected again in 2005. Through
his political career, Mr. Hagen has also served as Minister of Agriculture, Food and Fisheries; Advanced Education, Job Training,
Science and Technology; Regional and Economic Development; Education and Minister of State for the Vancouver Island/Coast
Region. He chaired the Canadian Council of Ministers of Education and was a member of six cabinet committees. Mr. Hagen was
instrumental in the creation of Science World and introduced the Scientist in the Classroom program. The Passport to Education
program, which still runs today, was also introduced under Mr. Hagen’s tenure. He is the recipient of a honourary doctor of laws degree from Simon Fraser University. Mr. Hagen has been a resident of the Comox Valley since 1968. He worked in the construction industry
as a comptroller and later started an independent ready-mix company. Prior to his re-election in 2001, he was the general
manager of a local paving company. Mr. Hagen was a board member and
fundraiser for the Courtenay Youth Music Camp; co-ordinator for Big Brothers in the Comox Valley and founding president of
the Comox Valley Community Foundation. He was the west coast regional chair of the Salmon Enhancement Project; treasurer of
Comox Valley Chamber of Commerce and served as a Comox Valley School board chair and trustee from 1972-1978. Stan and Judy Hagen still live in Courtenay and have five children. |
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BC Association of Cattle Feeders * 800 15355 24th Ave., Ste 495 * White Rock, BC * Canada * V4A 2H9
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