Common use of Production Period Clause in Contracts

Production Period. If you or any related producer has an outstanding default on a previous or current crop year advance with any APP administrator, you will be ineligible for an advance under the Agricultural Marketing Programs Act (AMPA). To be eligible for a livestock or animal advance, the stock must already be at foot. Advances for grain, sheep and lambs are based on an 18-month program beginning April 1st of each production period. Livestock advances for cattle and bison are based on a 24-month program beginning April 1st of each production period. Advance Limits Producers can qualify for up to a maximum of $400,000 with the first $100,000 interest free. The interest free provision and maximum advance is cumulative over all organizations under the Advance Payments Program. The maximum cumulative advance that can be issued to an applicant, including current outstanding advances (2014 and 2015) and eligible advances for 2015, can at no time exceed $400,000. Producer Payments Advances are issued to applicants, less applicable application fees. Producers applying for an Intended Seeding Advance are eligible to receive 60% of their requested advance upon approval of their application. The remaining 40% will be issued when BCBFA receives the producer’s Actual Seeded Advance Report and a confirmed Seeded Acreage Report. All recipients of an Intended Seeding Advance must submit this report by July 31, 2015, otherwise the advance becomes due immediately. Administration Fees BCBFA ‘s Administration Fee will be .75% (minimum fee of $375.00 maximum fee of $750.00 Interest The interest rate for interest bearing advances is the BMO Prime rate - .25%, Repayments without proof of sale, as described in 3.0 of the Repayment Agreement, are subject to an interest penalty at the BMO Prime rate plus 1%.

Production Period. If you or any related producer has an outstanding default on a previous or current crop year advance with any APP administrator, you will be ineligible for an advance under the Agricultural Marketing Programs Act (AMPA). To be eligible for a livestock or animal advance, the stock must already be at foot. Advances for grain, sheep and lambs are based on an 18-month program beginning April 1st of each production period. Livestock advances for cattle and bison are based on a 24-month program beginning April 1st of each production period. Advance Limits Producers can qualify for up to a maximum of $400,000 1,000,000 with the first $100,000 250,000,000 interest free. The interest free provision and maximum advance is cumulative over all organizations under the Advance Payments Program. The maximum cumulative advance that can be issued to an applicant, including current outstanding advances (2014 2018 and 20152019) and eligible advances for 20152024, can at no time exceed $400,0001,000,000. Producer Payments Advances are issued to applicants, less applicable application fees. Producers applying for an Intended Seeding Advance are eligible to receive 60% of their requested advance upon approval of their application. The remaining 40% will be issued when BCBFA receives the producer’s Actual Seeded Advance Report and a confirmed Seeded Acreage Report. All recipients of an Intended Seeding Advance must submit this report by July 31, 20152024, otherwise the advance becomes due immediately. Administration Fees BCBFA ‘s Administration Fee will be .75% (minimum fee of $375.00 maximum fee of $750.00 Interest The interest rate for interest bearing advances is the BMO Prime rate - .25%, Repayments without proof of sale, as described in 3.0 of the Repayment Agreement, are subject to an interest penalty at the BMO Prime rate plus 1%.950.000)

Production Period. If you or any related producer has an outstanding default on a previous or current crop year advance with any APP administrator, you will be ineligible for an advance under the Agricultural Marketing Programs Act (AMPA). To be eligible for a livestock or animal advance, the stock must already be at foot. Advances for grain, sheep and lambs are based on an 18-month program beginning April 1st of each production period. Livestock advances for cattle and bison are based on a 24-month program beginning April 1st of each production period. Advance Limits Producers can qualify for up to a maximum of $400,000 with the first $100,000 interest free. The interest free provision and maximum advance is cumulative over all organizations under the Advance Payments Program. The maximum cumulative advance that can be issued to an applicant, including current outstanding advances (2014 2016 and 20152019) and eligible advances for 20152019, can at no time exceed $400,000. Producer Payments Advances are issued to applicants, less applicable application fees. Producers applying for an Intended Seeding Advance are eligible to receive 60% of their requested advance upon approval of their application. The remaining 40% will be issued when BCBFA receives the producer’s Actual Seeded Advance Report and a confirmed Seeded Acreage Report. All recipients of an Intended Seeding Advance must submit this report by July 31, 20152019, otherwise the advance becomes due immediately. Administration Fees BCBFA ‘s Administration Fee will be .75% (minimum fee of $375.00 maximum fee of $750.00 750.000 Interest The interest rate for interest bearing advances is the BMO Prime rate - .25%, Repayments without proof of sale, as described in 3.0 of the Repayment Agreement, are subject to an interest penalty at the BMO Prime rate plus 1%.

Production Period. If you or any related producer has an outstanding default on a previous or current crop year advance with any APP administrator, you will be ineligible for an advance under the Agricultural Marketing Programs Act (AMPA). To be eligible for a livestock or animal advance, the stock must already be at foot. Advances for grain, sheep and lambs are based on an 18-month program beginning April 1st of each production period. Livestock advances for cattle and bison are based on a 24-month program beginning April 1st of each production period. Advance Limits Producers can qualify for up to a maximum of $400,000 1,000,000 with the first $100,000 interest free. The interest free provision and maximum advance is cumulative over all organizations under the Advance Payments Program. The maximum cumulative advance that can be issued to an applicant, including current outstanding advances (2014 2018 and 20152019) and eligible advances for 20152020, can at no time exceed $400,0001,000,000. Producer Payments Advances are issued to applicants, less applicable application fees. Producers applying for an Intended Seeding Advance are eligible to receive 60% of their requested advance upon approval of their application. The remaining 40% will be issued when BCBFA receives the producer’s Actual Seeded Advance Report and a confirmed Seeded Acreage Report. All recipients of an Intended Seeding Advance must submit this report by July 31, 20152020, otherwise the advance becomes due immediately. Administration Fees BCBFA ‘s Administration Fee will be .75% (minimum fee of $375.00 maximum fee of $750.00 750.000 Interest The interest rate for interest bearing advances is the BMO Prime rate - plus .25%, % Repayments without proof of sale, as described in 3.0 of the Repayment Agreement, are subject to an interest penalty at the BMO Prime rate plus 1%.

Production Period. If you or any related producer has an outstanding default on a previous or current crop year advance with any APP administrator, you will be ineligible for an advance under the Agricultural Marketing Programs Act (AMPA). To be eligible for a livestock or animal advance, the stock must already be at foot. Advances for grain, sheep and lambs are based on an 18-month program beginning April 1st of each production period. Livestock advances for cattle and bison are based on a 24-month program beginning April 1st of each production period. Advance Limits Producers can qualify for up to a maximum of $400,000 with the first $100,000 interest free. The interest free provision and maximum advance is cumulative over all organizations under the Advance Payments Program. The maximum cumulative advance that can be issued to an applicant, including current outstanding advances (2014 2015 and 20152016) and eligible advances for 20152016, can at no time exceed $400,000. Producer Payments Advances are issued to applicants, less applicable application fees. Producers applying for an Intended Seeding Advance are eligible to receive 60% of their requested advance upon approval of their application. The remaining 40% will be issued when BCBFA receives the producer’s Actual Seeded Advance Report and a confirmed Seeded Acreage Report. All recipients of an Intended Seeding Advance must submit this report by July 31, 20152016, otherwise the advance becomes due immediately. Administration Fees BCBFA ‘s Administration Fee will be .75% (minimum fee of $375.00 maximum fee of $750.00 Interest The interest rate for interest bearing advances is the BMO Prime rate - .25%, Repayments without proof of sale, as described in 3.0 of the Repayment Agreement, are subject to an interest penalty at the BMO Prime rate plus 1%.

Production Period. If you or any related producer has an outstanding default on a previous or current crop year advance with any APP administrator, you will be ineligible for an advance under the Agricultural Marketing Programs Act (AMPA). To be eligible for a livestock or animal advance, the stock must already be at foot. Advances for grain, sheep and lambs are based on an 18-month program beginning April 1st of each production period. Livestock advances for cattle and bison are based on a 24-month program beginning April 1st of each production period. Advance Limits Producers can qualify for up to a maximum of $400,000 with the first $100,000 interest free. The interest free provision and maximum advance is cumulative over all organizations under the Advance Payments Program. The maximum cumulative advance that can be issued to an applicant, including current outstanding advances (2014 2016 and 20152017) and eligible advances for 20152017, can at no time exceed $400,000. Producer Payments Advances are issued to applicants, less applicable application fees. Producers applying for an Intended Seeding Advance are eligible to receive 60% of their requested advance upon approval of their application. The remaining 40% will be issued when BCBFA receives the producer’s Actual Seeded Advance Report and a confirmed Seeded Acreage Report. All recipients of an Intended Seeding Advance must submit this report by July 31, 20152017, otherwise the advance becomes due immediately. Administration Fees BCBFA ‘s Administration Fee will be .75% (minimum fee of $375.00 maximum fee of $750.00 Interest The interest rate for interest bearing advances is the BMO Prime rate - .25%, Repayments without proof of sale, as described in 3.0 of the Repayment Agreement, are subject to an interest penalty at the BMO Prime rate plus 1%.

Production Period. If you or any related producer has an outstanding default on a previous or current crop year advance with any APP administrator, you will be ineligible for an advance under the Agricultural Marketing Programs Act (AMPA). To be eligible for a livestock or animal advance, the stock must already be at foot. Advances for grain, sheep and lambs are based on an 18-month program beginning April 1st of each production period. Livestock advances for cattle and bison are based on a 24-month program beginning April 1st of each production period. Advance Limits Producers can qualify for up to a maximum of $400,000 with the first $100,000 interest free. The interest free provision and maximum advance is cumulative over all organizations under the Advance Payments Program. The maximum cumulative advance that can be issued to an applicant, including current outstanding advances (2014 2016 and 20152018) and eligible advances for 20152018, can at no time exceed $400,000. Producer Payments Advances are issued to applicants, less applicable application fees. Producers applying for an Intended Seeding Advance are eligible to receive 60% of their requested advance upon approval of their application. The remaining 40% will be issued when BCBFA receives the producer’s Actual Seeded Advance Report and a confirmed Seeded Acreage Report. All recipients of an Intended Seeding Advance must submit this report by July 31, 20152018, otherwise the advance becomes due immediately. Administration Fees BCBFA ‘s Administration Fee will be .75% (minimum fee of $375.00 maximum fee of $750.00 Interest The interest rate for interest bearing advances is the BMO Prime rate - .25%, Repayments without proof of sale, as described in 3.0 of the Repayment Agreement, are subject to an interest penalty at the BMO Prime rate plus 1%.