Manitoba Agricultural Services Corporation

Program Features

Feeder Association Features

Associations retain ownership of members' cattle and sale proceeds go to the association on behalf of members.

Concurrent contracts provide members the option to equally divide their authorized loan limit. Splitting cattle purchases and the related loan repayment provides greater flexibility regarding cash flow and marketing possibilities.

Financing can be used to purchase unbred heifers, which are bred and sold within a nine-month period. This option offers producers the opportunity to add value to unbred heifers with breeding potential. Feeder association members can feed their livestock on-farm or in custom feedlots.

Breeder Association Features

Financing is available for up to a seven-year term with the first year being an interest only period. Members can take up to four separate contracts to a total maximum outstanding of ${program_details::breeder_max_outstanding}.

Financing can be used to purchase breeding heifers, bred heifers, cow/calf pairs or cows under the age of four years. Breeder association members must care for their livestock within their own operation.

Eligibility

Applicants must be 18 years of age, a resident of Manitoba, own or lease a farm in Manitoba and have facilities to care for livestock. The associations must have a minimum of {program_details::members_min} members.

Members of a feeder association must deposit {program_details::min_feeder_deposit}% of their authorized loan limit into the association's assurance fund.

Members of a breeder association must deposit {program_details::min_breeder_deposit}% of their authorized loan limit into the association's assurance fund.

Details

Loan Maximum

The maximum loan for an association member is ${program_details::member_max_loan}. The maximum lending limit for an association is ${program_details::association_max_limit} million.

Interest Rate

Reasonable interest rates are negotiated by the association with a local lender.

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