Canadian nursery growers can now use inventory to access $400,000
Canadian nursery growers can now access the same low-cost financing that other producers benefit from each spring even though they may not be participating in the Agristability program.
Growers currently participating in the 2012 Advance Payments Program at Agricultural Credit Corporation (ACC) may also qualify for additional advances. The Advance Payments Program which was recently expanded to include nursery growers was developed by the Canadian Nursery Landscape Association, ACC, and Agriculture and Agri-Food Canada. It was designed to support growers and assist with costs during the production and marketing of their nursery stock. Producers are now able to use their inventory as security to access up to $400,000 in operating capital with the first $100,000 being interest free. Calculations are based on the number of
products being harvested and to be sold between March and September 2013.
“The program has come a long way since it first began in 2009,” said Jaye Atkins, CEO, Agricultural
Credit Corporation. “What began as a program which covered a small number of nursery products for a
few Ontario growers has expanded and evolved into a program which is now available in all provinces
and covers thousands of nursery products,” added Atkins.
Download an application here before Feb. 28, 2013. All advances
issued during that time will be required to be repaid no later than Sept. 16, 2013. For a complete
listing of all eligible products please click here. If you would like a product added to the
current listing, please contact our office at 1-888-278-8807. More information can be found at www.agcreditcorp.ca.
