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MASC Lending
Today's operating environment presents many challenges for rural Manitobans, and perhaps the biggest challenge is finding suitable financing to support their operations.
MASC is committed to the future of rural Manitoba, serving the financial needs of Manitoba's rural agricultural communities. MASC Lending programs are designed to address the needs of rural Manitoban farms and businesses, offering loans with attractive interest rates and features, and guarantees that can help increase access to 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: The objective of MASC's lending programs is to give Manitoba's agricultural producers and rural businesses reasonable access to credit. MASC provides direct loans and guarantees for private sector loans that assist in the creation and expansion of operations in rural Manitoba
- Direct Loans are available for the 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 (under the age of 40) and assists in the inter-generational transfer of assets, and consists of several elements:
- The Young Farmer Rebate (YFR) reduces the cost of borrowing in the critical start-up phase of an operation by offering an annual rebate.
- The Management Training Credit encourages modern farm management training for young farmers by offering an annual credit on the principal amount of a loan.
- Flexible Financing options allow the flexibility of reducing the initial down payment (90% financing) or easing cash flow pressures during start-up with interest-only payments.
- 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 (under the age of 40) and assists in the inter-generational transfer of assets, and consists of several elements:
- Stocker Loans are available for the purchase of feeder cattle or retaining owned calves for feeding.
- Comprehensive Refinancing Loans can be used to assist existing MASC clients who are in financial difficulty.
- Environmental Enhancement Loans provide financial assistance to farmers for the purpose of enhancing the environmental sustainability of their operations and management practices.
- Alternate Energy Loans assist farmers in seizing new market opportunities for alternate energy projects, including but not limited to smaller ethanol, bio-diesel, and wind energy.
- Onsite Wastewater Management Systems Loans assist rural Manitobans with the costs of transitioning to environmentally friendly sewage disposal fields.
- Manure Management Loans may be used for engineering and construction costs associated with manure storage, as well as construction of new treatment projects, as approved under the MMFAP program.
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 made by qualified lending institutions (credit unions, caisse populaires and chartered banks) to Manitoba farmers and rural businesses.
- Diversification Loan Guarantees assists farmers and agricultural enterprises in diversifying their operations and/or adding value to their agricultural commodities.
- The Manitoba Livestock Associations Loan Guarantee program provides farmers who are members of livestock associations with the benefit of lower costs associated with financing and higher volume transactions of feeders and bred cattle.
- Operating Credit Guarantees for Agriculture 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.
- MASC Loan Calculator - Learn how you can save money with an MASC loan.
- Frequently asked questions - Find out more about MASC Lending.
- Properties for Sale - MASC occasionally lists its holdings of agricultural property.
