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Stocker Loans
Manitoba's livestock producers raise some of Canada's best beef cattle.
Stocker Loans provide short-term financing to producers to purchase feeder cattle or retain owned calves for feeding. .
- 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. The applicants' net worth may not exceed ${program_details::max_net_worth}.
Producers will have the necessary feed and facilities for on-farm feeding, or can use approved commercial feedlots.
Details
Loan Maximum
The maximum guarantee for a Stocker Loan is ${program_details::max_loan}.
Interest Rate
Interest is charged at a one-year term rate.
Repayment
The loan must be repaid upon 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 covers up to 100% of the purchase price of livestock.
Contact
To apply for an MASC Stocker Loan, contact your local MASC Lending Office.
Related MASC Links |
External Links |
