Upcoming Key Dates
- September 1, 2024, PY2024 Post-Harvest Application opened.
- September 30, 2024, Last day to repay PY2023 field crops and honey advances in full.
| Initial Application Fees | Subsequent Application Fees | Interest Charge | Default Fee (Outstanding Balance) | Default Interest (Pre-Default Date) | Default Interest (Post-Default Date) | Repayment without Proof of Sale Penalty Rate |
|---|---|---|---|---|---|---|
| $250 | $250 | TD Prime - 0.5% | 3% | TD Prime + 1% | TD Prime + 3% | TD Prime |
Financial Terms:
Initial application fee – $250
Subsequent application fees – $250.
Interest Charge – Advances over $250K are subject to TD Prime - 0.5%
One-time Default Service Fee of 3% on the outstanding balances after the default notice
Default Interest Spread (Pre-Default Date) – Advances in default status prior to the default date are charged at an interest rate of TD Prime + 1%
Default Interest Spread (Post-Default Date) – Advances in default status after the default date are charged at an interest rate of TD Prime + 3%
Repayment of Advances without providing a Proof of Sale are charged at an interest rate of TD Prime
