Manitoba Livestock Cash Advance Program

Manitoba Livestock Cash Advance (MLCA) was established in 2007 to administer the ADVANCE PAYMENTS PROGRAM (APP) for Cattle producers in Manitoba and Saskatchewan. Sheep/Lamb producers in Manitoba, Saskatchewan, and Alberta. Goat producers in Manitoba, Saskatchewan, Alberta and British Columbia and Bison producers nationally. Beginning in 2015, MLCA began offering cash advances on a select number of crops in Manitoba and Saskatchewan.

The Advance Payments Program (APP) is a Federal loan guarantee program that helps producers meet their financial obligations and benefit from the best market conditions by improving their cash flow throughout the production period.

To be eligible producers must be a Canadian citizen or permanent resident. A corporation, cooperative, or partnership of which the majority interest is held by Canadian citizens or permanent residents.

Producers must also meet the security requirements.Cattle producers are now able to use WLPIP as the Business Risk Management program for the cash advance, please see the FACT SHEET for more information.

Producers can access cash advances of up to $1,000,000.00, with the first $100,000.00 of the cash advances being interest free on all commodities per Program year.

Administration fee of $250.00 per application, ($300.00 for all Bison Applications) $75.00 for subsequent advances. Average Processing time for a new advance is 7 to 10 business days.

 Have any questions? We'd love to help....contact us at 1-866-869-4008

IMPORTANT DATES:

  • March 15, 2021 Last day to apply for 2020 Advance

  • March 31, 2021                 2019 Cattle / Bison Advances due
  • April 2021                         2021 Program year begins
  • Sept. 30, 2021                  2020 Crop / Lamb / Goat Advances due



 

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