Ontario beef farmers receive extension for repaying federal advance payment loans Tuesday, May 13, 2014 by JIM ALGIE Recent adjustments to extend the repayment period for federal advance payment loans should help Ontario cattle farmers, a recent Beef Farmers of Ontario (BFO) newsletter says. Administered by the Guelph-based, Agricultural Credit Corporation, the federal advance payments program provides growers with up to $400,000 in operating capital. The first $100,000 of such loans is free of interest cost with the remaining balance up to $300,000 at bank prime rates. Changes announced March 19 include a single, stream-lined, application process, quicker approvals and new repayment rules for cattle farmers with constant inventory. A BFO newsletter published last Friday says “advances can now be repaid up to a year after issuance rather than upon the sale of cattle.” The changes followed recommendations by BFO, said the newsletter article that was attributed to that organization’s communications manager LeaAnne Wuermli. It means farmers “can realize more savings by extending their interest-free portion of the loan to a full year versus paying back on their first sales of cattle,” the newsletter says. The program for cattle farmers opens annually, April 1, and remains open to applications between April and the following March. Loans are available on current inventory held for sale during the current program year. Advance loans for livestock require that borrowers be enrolled in the federal Agristability program which provides insurance against large margin declines. Agricultural Credit Corporation (ACC) is a not-for-profit farm organization formed in 1992 by a coalition of farm organizations now including 19 producer groups. Since it began, the corporation has loaned more than $4 billion to Canadian farmers, a statement on the ACC website says. BF Few details available about impact on Ontario farmers of most recent food processing plant closure Projects receive Greenbelt funding
Canada Opens Interprovincial Alcohol Sales Thursday, July 23, 2026 A major change to Canada's internal marketplace is set to create new opportunities for wineries, breweries and distilleries after nine provinces signed a landmark agreement allowing direct-to-consumer sales of alcoholic beverages across participating jurisdictions. The deal is being hailed... Read this article online
Heat and Rain have led to a challenging growing season for Cauliflower Growers in Ontario. Thursday, July 23, 2026 There are only 1,225 acres dedicated to growing cauliflower in Ontario, but they produce 14,545,000 lbs of the vegetable. Growers across key vegetable-producing regions are preparing for increased shipments of locally grown cauliflower to grocery stores, restaurants, wholesalers and... Read this article online
Who Knew so Much Canadian Watermelon is Grown in Ontario Thursday, July 23, 2026 Many consumers may think of watermelon as an exotic fruit, but Ontario grows about2,000 acresof watermelons each year, more than 35,084tonnesof watermelon.Watermelonharvest now is underway. Watermelon originated in northeastern Africa, particularly in the region that today includes Sudan... Read this article online
Ontario Farmers Harvest One of Canada’s Top Carrot Crops Wednesday, July 22, 2026 Carrots are among Ontario's most important vegetable crops, contributing significantly to local food production and year-round fresh produce availability. Ontario grows the most carrots of any Canadian province – 45% of the country’s carrots. According to Statistics Canada, Ontario... Read this article online
Leeds County Federation of Agriculture & Leeds Soil & Crop Improvement Association Hosts Drone Demo Demonstration Tuesday, July 21, 2026 The Leeds County Federation of Agriculture (LCFA) and the Leeds Soil & Crop will host an educational and fun-filled day on September 2, 2026, from 10:30 AM to 3:30 PM at the Lombardy Fairgrounds. The community event combines a live Agricultural Drone Demonstration with a social barbecue and... Read this article online