Resolution

WHEREAS the Advance Payment Program is valued tool that provides production financing and helps producers to optimize their grain marketing over the course of a crop year;

WHEREAS loan repayments are structured in such a way that the interest free portion is paid off first;

WHEREAS repayment of the interest free portion over a longer term would enhance the program and provide additional protection against interest rate costs and variability;

BE IT RESOLVED that APAS advocate for further enhancements to the Advance Payment Program to ensure that repayments are evenly split between the interest free and interest-bearing portions of the loans.