Direct Loans

men in field


For many farmers, access to credit is essential for maintaining and expanding their operations. While many established farmers have no trouble obtaining credit from traditional institutions, younger and expanding farmers with less proven collateral and/or capability can sometimes find it difficult to obtain the credit they need on the terms they want.

The Manitoba Agricultural Services Corporation can assist you with the financial arrangements necessary to make your operation successful. MASC's Direct Loans provide beginning and established farmers with short, intermediate and long-term financing at reasonable interest rates and flexible repayment terms.

Direct Loans fact sheet

Direct Loans Details


Loan Purposes

MASC Direct Loans are available for:

  • purchase of agricultural land or buildings
  • purchase of new or used agricultural equipment
  • permanent improvements to land
  • purchase, construction or renovation of farm production buildings
  • purchase, construction or renovation of on-farm homes
  • purchase of breeding livestock
  • purchase of supply-managed quota (dairy and poultry)
  • debt consolidation or refinancing
  • purchasing or renovating greenhouses and nurseries
  • operating expenses


Qualified applicants for a Direct Loan can be individuals, joint farm units, partnerships, corporations, or cooperatives.

You must be 18 years of age or older, a Manitoba resident, and a Canadian citizen (or lawfully admitted to Canada for permanent residence).
The farm must be potentially viable and meet security requirements, and you must personally operate the farm to which the loan applies.

Loan Details

Loan Maximum

Loans of up to $ million are available for all borrowers.

Interest Rate

Interest rates for Direct Loans can be fixed for the full life (amortization) of the loan, or renewed every 1, 2, 3, 4 or 5 years.


Most Direct Loans have repayment terms of up to years, with monthly, quarterly, or semi-annual payment options.

MASC Direct Loans have no prepayment penalties.
Maximum terms for equipment (by age)
Age of Equipment Maximum Term
New years
Previously owned years

Equipment Financing

Direct Loans for the purpose of equipment financing have repayment terms based on the age of the equipment. The maximum term for purchase of new equipment is years. For previously owned equipment, the maximum term is years.

Purchase of Bred Heifers

To help align principal payments with cash flow, Direct Loans for the purpose of purchasing bred heifers have the option of an additional six months of interest-only payments.


Direct Loans may be secured with real, personal, and/or other securities as required.

Calculate Your Loan

Click the    icon to use another interest rate.

Use the MASC Loan Calculator to help select loan terms that are right for your operation.

Young Farmer Rebate

The Young Farmer Rebate (YFR) is a rebate of up to per cent on the first $ of principal for each of the first 5 years of the loan, available to producers aged up to 39 years old.

Flexible Financing

Producers between 18 and 39 years of age may be eligible for flexible financing terms on their MASC loan, greatly reducing their start-up costs and initial cash flow pressures.

Qualified producers can choose between interest-only payments for the first 5 years of the loan, or per cent financing with only a 10 per cent down payment.


Additional Direct Loan Purposes

Fact sheet about additional loan purposes

Also included in the Direct Loans category are Alternate Energy Loans, Comprehensive Refinancing Loans and Environmental Enhancement Loans.

Alternate Energy Loans Details

Alternate Energy Loans are available to finance for the capital costs associated with alternate energy projects, such as ethanol, biomass, biodiesel and wind operations.

Environmental Enhancement Loans Details

Environmental Enhancement Loans provide financial assistance to producers for the purpose of improving the environmental sustainability of their operations.


Local Office Contact Information

For more information about a Direct Loan from MASC, talk to a MASC Loan Specialist at a .