Publication - Business Risk Management Programs as security for the Advance Payments Program

Title in English
Business Risk Management Programs as security for the Advance Payments Program
Publication ID
10587E
Published Year
2008
URL
Author(s)
Organization
Theme(s)
Type
Web Publication
Cost
Free Publication
Language
English
Region
Ottawa/Hull (NCR)
Status
Available on the Web
Pages
1-2
ISBN
978-0-662-47791-4
Catalogue No.
A118-15/2008E
Summary in English
When you apply for a cash advance through the Advance Payments Program (APP), you must have a way to ensure
repayment or "security" on the advance. For agricultural products in storage, the product itself will be used as security. For livestock, agricultural products that
have not yet been stored and non-storable agricultural products, Business Risk Management (BRM) programs and the product itself must be used as security. To secure the advance, you must assign your BRM program payments to the producer organization delivering the program (the Administrator). BRM programs include Production Insurance (PI), Canadian Agricultural Income Stabilization (CAIS) program, or any other similar program approved by the Minister.
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