MASC's lending programs provide Manitoba's agricultural producers with reasonable access to credit. MASC provides direct loans and guarantees loans made by private-sector financial institutions to assist in the creation and expansion of operations in rural Manitoba.
MASC provides short, intermediate and long-term financing with reasonable interest rates to eligible Manitoba agricultural producers.
MASC Lending clients enjoy no loan prepayment penalties, and have the flexibility of either locking in an interest rate for the full amortization period or selecting renewable interest rates for one to five years.
Direct Loans are available for purposes such as: purchasing land and buildings, equipment, breeding livestock, and quota for supply-managed commodities; constructing or renovating farm builds (including farm homes); and consolidating and refinancing debts.
Also included in the Direct Loans category are Alternate Energy Loans, Comprehensive Refinancing Loans and Environmental Enhancement Loans.
Stocker Loans provide producers with short-term financing for the purpose of purchasing feeder cattle and lambs, or as a cash advance on their own retained feeder animals.
Loans of up to $500,000 are available, with interest terms of one year for cattle and 5 months for sheep.
Producers who finance livestock with an MASC Stocker Loan and purchase a Livestock Price Insurance (LPI) policy for feeder cattle are eligible for a one-time interest rebate of 0.25% of the Stocker Loan amount.