Agricultural Marketing Programs Act

Marginal note:Amount of advance

• 19 (1) The amount of an advance eligible for a guarantee under this Part is calculated by multiplying

  • (a) the number of crop units for which the advance is to be made

  by

  • (b) the rate per crop unit specified in the advance guarantee agreement for that crop in the crop year in which the advance is made.

• Marginal note:Rate per crop unit

  (2) The rate per crop unit may be specified for a particular crop in a particular area, but it must not exceed one half of the average price that, in the Minister’s opinion, will be payable to producers of the crop in that area.