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MASC Lending
The Manitoba Agricultural Credit Corporation (now MASC) began to provide a range of financial services for Manitoba farmers in 1958, with special emphasis on the needs of young and beginning farmers.
Today's operating environment presents many challenges for producers, and perhaps the biggest challenge is finding the suitable financing to support their operations.
MASC believes in the future of rural Manitoba, and is dedicated to programming that addresses the unserviced financial needs of Manitoba's rural agricultural communities. MASC Lending programs are designed to meet producer needs, offering attractive interest rates and features on loans and increased access to loans from traditional lending institutions by providing loan guarantees.
For more information about MASC Lending programs, follow the links below or contact your local MASC Lending office.
MASC Lending Programs
Lending: MASC lending programs are designed to meet the various financial needs of Manitoba producers, ranging from direct lending to loans for environmentally responsible projects.
- Direct Loans are available for purchase of agricultural land and buildings, purchase of breeding stock, permanent improvements and more.
- The Bridging Generations Initiative assists in the acquisition of farm assets by young farmers and assists in the inter-generational transfer of assets, and consists of several elements:
- The Young Farmer Rebate (YFR) assists young, beginning, and expanding farmers with limited equity to develop, expand, or reorganize their farming operations.
- The Management Training Credit encourages modern farm management training for young farmers.
- Flexible Financing to assist young farmers through the critical purchase and start-up period of farm operations.
- The Bridging Generations Mortgage Guarantee provides young farmers with low-cost mortgage financing and a guaranteed income stream for the retiring farmer.
- The Bridging Generations Initiative assists in the acquisition of farm assets by young farmers and assists in the inter-generational transfer of assets, and consists of several elements:
- Stocker Loans are available for the purchase of steer, heifer calves, and feeder cows.
- Comprehensive Refinancing Loans can be used to restructure existing MASC debt.
- Environmental Enhancement Loans assist a producer to become more environmentally sustainable while maintaining a viable enterprise.
- Alternate Energy Loans assist producers in seizing new market opportunities for smaller ethanol, bio-diesel, and wind operations.
MASC offers attractive lending rates to agricultural producers and entrepreneurs in rural Manitoba. Rates are updated on a monthly basis and can be viewed in the table below or as a separate page.
Loan Guarantees: MASC provides guarantees on loans drawn by Manitoba producers and businesses from traditional sources (credit unions, banks, etc.).
- Enhanced Diversification Loan Guarantees assist with the diversification and value-added activities of farmers.
- The Manitoba Livestock Associations Loan Guarantee program helps Manitoba residents establish livestock associations.
- Operating Credit Guarantees assist with access to operating lines of credit for farm operators and agricultural enterprises.
- Rural Entrepreneur Assistance (REA) assists full-time, small and home-based businesses in rural Manitoba with business loans for start-up, expansion, and purchase of existing businesses..
- Operating Credit Guarantees for Rural Small Businesses assists with access to lines of credit for small business in rural Manitoba..
Other
(open all) (close all)- MASC occasionally lists its holdings of agricultural properties for sale.
- Find answers to the most frequently asked questions about MASC Lending.
