Agricultural Marketing Programs Act

Marginal note:Annual maximum guarantee for each producer

• 20 (1) The maximum amount of advances in any crop year that are eligible for a guarantee under this Act

  • (a) for a particular crop produced by an eligible producer, is an amount specified in the advance guarantee agreement for that crop; and

  • (b) for all crops produced by the producer or by any related producers, to the extent that advances for the crops are attributable to the producer under subsection (2), is the lesser of $250,000 and an amount determined by the Minister.

• 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.