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.
**New: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 $400,000.00, with the first $100,000.00 of the cash advances being interest free.
Administration fee of $250.00 per application, $75.00 for subsequent advances.
Have any questions? We'd love to help....contact us at 1-866-869-4008
January 31, 2018: Final date to make payment on 2017 Crop loans without proof of sale.
March 31, 2018: 2016 Cattle and Bison Advances final maturity date
September 30, 2018: 2017 Crop, Lamb, Goat and Turf Advances final maturity date
March 31, 2019: 2017 Cattle and Bison Advances final maturity date
April 1, 2018: New Cash Advance Year begins for all commodities.