Agricultural Marketing Programs Act

Marginal note:Annual maximum guarantee for each producer

• 20 (1) Subject to subsection (1.1), the maximum amount of advances in any production period that are eligible for a guarantee under this Act is

  • (a) for a particular agricultural product produced by a producer, the amount specified in the advance guarantee agreement for that agricultural product; and

  • (b) for all agricultural products produced by a producer or a related producer, to the extent that advances for the agricultural products are attributable to the producer under subsection (2), $400,000 or the amount fixed by regulation.

• Marginal note:Overlapping production periods

  (1.1) The maximum amount of all advances that are eligible for a guarantee under this Act in relation to a producer, or to a related producer to the extent that the advances are attributable to the producer under subsection (2), may not, at any one time, exceed $400,000, or the amount fixed by regulation.

• Marginal note:Attribution

  (2) Amounts advanced to related producers are attributable to the producer as follows:

  • (a) if the related producer is an individual, the attributable percentage is 100%;

  • (b) if the related producer is a corporation, the attributable percentage is the percentage of the voting shares that the producer holds in the related producer;

  • (c) if the related producer is a cooperative, the attributable percentage is the percentage prescribed by the regulations; and

  • (d) if the producer and the related producer are partners or members of the same partnership or other association of persons, the attributable percentage is the percentage of the profits of the partnership or association to which the producer is entitled.