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MASC Lending
The Manitoba Agricultural Credit Corporation (forerunner of 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 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 on loans and helpful guarantees on loans from traditional lending institutions.
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.
- Alternate Energy Loans assist producers in seizing new market opportunities for smaller ethanol, bio-diesel, and wind operations.
- Comprehensive Refinancing Loans can be used to restructure existing MASC debt.
- Direct Loans are intended to complement a producer's income for purchase of agricultural land and buildings, purchase of breeding stock, permanent improvements and more.
- The Bridging Generations Initiative is aimed to assist in the transfer of farm assets between young farmers and retiring producers, and consists of several elements:
- The Bridging Generations Mortgage Guarantee provides young farmers with low-cost mortgage financing and a guaranteed income stream for the retiring farmer.
- Flexible Financing to assist young farmers through the critical purchase and start-up period of farm operations.
- The Management Training Credit encourages modern farm management training for young farmers.
- The Young Farmer Rebate (YFR) assists young, beginning, and expanding farmers with limited equity to develop, expand, or reorganize their farming operations.
- The Bridging Generations Initiative is aimed to assist in the transfer of farm assets between young farmers and retiring producers, and consists of several elements:
- Environmental Enhancement Loans assist a producer to become more environmentally sustainable while maintaining a viable enterprise.
- Stocker Loans are available for the purchase of steer, heifer calves, and feeder cows.
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.), and are designed to assist diversification, inter-general farm transfers and more.
- Enhanced Diversification Loan Guarantees assist with the diversification, innovation or value-added activities of farmers.
- The Manitoba Livestock Associations Loan Guarantee program helps Manitoba residents establish livestock associations.
- Operating Credit Guarantees provide a 25% guarantee on operating lines of credit with participating private lending institutions.
- Rural Entrepreneur Assistance (REA) provides loan guarantees to financial institutions that are prepared to offer full-time, small and home-based businesses in rural Manitoba with the financial support they need to be successful.
- Rural Small Business Operating Credit Guarantees provide guarantees on lines of credit obtained from participating lending institutions.
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.
- Coming soon!
