DECLARATION OF APP ADVANCE RECEIVED FROM OTHER PRODUCER Sample Clauses

DECLARATION OF APP ADVANCE RECEIVED FROM OTHER PRODUCER. ORGANIZATIONS ✓ List all advances issued by other organizations for this production period, including advances attributed by percentage of ownership in any Corporation/Cooperative/Partnership. ✓ List all outstanding advances from previous production periods, including advances attributed by percentage of ownership in any Corporation/Cooperative/Partnership. ✓ Attach a separate sheet if required. Name of Producer Organization from which an advance was received Agricultural Product for which an advance was received Production Period Amount of Advance Received 20 $ 20 $ 20 $ ✓ Related Producers are producers with whom the applicant does not deal at arm’s length. ✓ In the absence of proof to the contrary, producers are presumed to be related to another producer in any of the following circumstances: o One of the producers is the spouse, common-law partner of the other producer; o One of the producers owns at least 25% of the voting shares of the other producer; o One of the producers owns at least 25% of the voting shares of a corporation that directly or through any other corporation owns 25% of the voting shares of the other producer; o One of the producers is entitled to 25% or more of the profits or revenues of the other producer. o The producer shares any management and administrative services, equipment, facilities or overhead expenses of a farming operation with the other producer, but is not in partnership with that other producer; or o Any other circumstances set out in the Agricultural Program Marketing Act ✓ Relatedness affects the applicant’s eligibility to receive an advance, as well as the amount of an advance. ✓ If you answer “yes” to question 2, you may not be eligible to receive an APP advance, unless you are able to rebut the presumption of relatedness.
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Related to DECLARATION OF APP ADVANCE RECEIVED FROM OTHER PRODUCER

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