These programs are not new as they were formerly offered under separate legislation. A cash advance allows the producer to store the crop and sell it throughout the year to achieve higher returns. The Price Pooling Program provides initial payment to producers for products delivered to the pool. It also covers eligible costs incurred by the agency for products sold under a cooperative plan. The program provides a price guarantee that protects the marketing agencies and its producers against unanticipated declines in the market price of their products.
Producers can benefit from the program through six marketing agencies currently administrating it.
The program would also be open to existing or newly developed marketing agencies. Producers of field crops, maple syrup, honey and ranch raised fur. Applications for the Advance Payments Program can be obtained from the Canadian Wheat Board and the other producer organizations offering the program. Applications for the Price Pooling Program can be obtained from the marketing agencies offering the program. A list of participating organizations can be obtained from the respective Program Manager at the address listed below.