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Attention Advance Payment Program
Applicants:
Please note, as is noted on the Application for Soybean
Advance, Agricorp is generally closed between Christmas and
New Years. Please allow sufficient time when submitting your
application.
Advance Payments Program Update
AGRICORP is now
overseeing the Advance Payments Program (APP) on behalf of
Ontario Soybean Growers (OSG). The deadline for repayment of
2004 APP loans was August 31, 2005. Some changes to the
program that came into effect in 2004 include:
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A 1%
holdback will be applied to all advances. (Previously
the holdback was $10 per tonne on loans in excess of
$50,000.)
-
The
administration fee will be deducted from the advance.
(Previously customers mailed a cheque with the
application.)
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All cheques
must be made payable to “ONTARIO SOYBEAN GROWERS,” and
sent to AGRICORP at P. O. Box 3660, Station Central,
Guelph, Ontario N1H 8M4 Producers should also note that
when a sale is made, producers are responsible for
timely repayment of their advance. If dealers do not
make payments as set out in the Repayment Agreement,
this results in a penalty to the producer. Dealers must
mail cheques to AGRICORP’s offices within ten days of
the date of the sale of the crop to avoid this penalty
to the producer.
Applications are
available [here] or by
phoning 1-888-247-4999.
Applications are also available from licensed dealers and
AGRICORP’s regional managers.
A French
application will be posted soon.
You will need
Adobe Acrobat Reader to view the application.
If you don't have it installed on your computer you can
download it
here. |