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Environmental Enhancement Loans
Environmental Enhancement Loans assist producers in modifying their current operations or management practices, to become more environmentally sustainable while maintaining a viable enterprise.
Environmental Enhancement Loans finance the producer's share of related project costs and provide an advance on government contributions available from the Canada Manitoba Environmental Farm Action Program and the Manitoba Sustainable Agriculture Practices Program.
Program coverage focuses on Beneficial Management Practices (BMP) projects such as improved manure storage, handling and treatment, relocation of livestock/horticulture facilities and other BMPs that may involve a substantial capital commitment.
- Features
- Eligibility
- Details
- Contact
- Links
Program Features
MASC's regular eligibility criteria, including the net worth cap, have been waived for this loan program.
The program supports the Agriculture Policy Framework's (APF) Environmental Pillar, which encourages producers to voluntarily complete environmental farm plans to identify environmental risks and needs.
The program offers up to 100% project financing up front, acknowledging that the federal and provincial program incentives are not available until the project is completed and inspected.
Eligibility
Eligible Applicants
Qualifying applicants can be individuals, joint farm units, partnerships, corporations or cooperatives. An applicant must be 18 years of age or older, a Manitoba resident and a Canadian citizen or lawfully admitted to Canada for permanent residence.
Details
Loan Maximum
Environmental Enhancement Loans are available up to ${program_details::max_loan}.
Interest Rate
The interest rate is set at MASC's prevailing rate.
Repayment
Environmental Enhancement Loans have terms up to {program_details::max_term} years. Monthly, quarterly, or semi-annual payments are available. There are no prepayment penalties.
Contact
To apply for an Environmental Enhancement Loan, contact your local MASC Lending Office.
Related MASC Links |
External Links |
