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Stocker Loans
Manitoba's livestock farmers raise some of Canada's best beef cattle, but with a market that tends to fluctuate, raising beef cattle can require significant cash flow and a certain amount of financial security.
MASC's Stocker Loan program provides short-term financing for producers who purchase feeder cattle or retain owned calves for feeding. Loans of up to ${program_details::max_loan} are available, with terms of interest for one-year. Repayment is to be made upon sale of cattle or within 12 months (9 months for breeding heifers), whichever comes first.
- Eligibility
- Details
- Contact
- Links
Eligibility
Eligible Applicants
Qualifying applicants are individuals (who are 18 years of age or over and personally operate the farm to which the loan applies), joint farm units, partnerships, corporations or cooperatives.
Applicants must be Manitoba residents and Canadian citizens or lawfully admitted to Canada for permanent residence.
Combined annual off-farm income, including spouse (or average of all partners / shareholders), cannot exceed ${program_details::max_offfarm_income}. The farm must be potentially viable and meet security requirements. Net worth may not exceed ${program_details::max_net_worth} for any new individual MASC client; for joint farm units, partnerships, corporations and cooperatives that are new MASC clients, the average net worth of all partners or shareholders cannot exceed ${program_details::max_net_worth}.
Producers will have the necessary feed and facilities for on-farm feeding, or can use MASC-approved commercial feedlots.
Details
Loan Maximum
The maximum guarantee for a Stocker Loan is ${program_details::max_loan}.
Interest Rate
Interest is charged at MASC's one-year term rate. For the currect one-year rate, please see the Lending Rates page or contact your local MASC Lending Representative.
Repayment
Stocker loans must be repaid upon the sale of cattle, or within 12 months of the purchase (for breeding heifers within nine months), whichever comes first.
Security
Security consists of the livestock financed by MASC. This program can cover up to 100% of the purchase price of the livestock.
Contact
To apply for an MASC Stocker Loan, contact your local MASC Lending Office.
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