Agricultural Marketing Programs Act
Version of section 7 from 2002-12-31 to 2006-11-26:
Marginal note:Emergency advance
7 (1) Despite paragraph 5(3)(e), the advance guarantee agreement may authorize the administrator to pay a portion of an advance as an emergency advance to an eligible producer if the producer has difficulty harvesting a crop because of unusual weather conditions and it is reasonable to expect the crop to be harvested in a marketable condition. Payment of the emergency advance is subject to any terms and conditions set out in the advance guarantee agreement.
Marginal note:Maximum amount
(2) The maximum amount of the emergency advance is the lesser of $25,000 and 50% of the advance that the administrator expects to make to the producer on the basis of the amount of the crop that will be harvested.
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