Purposes
Direct Loans are available for:
- purchase of agricultural land or buildings;
- purchase of new or used agricultural equipment;
- 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);
- purchase or renovation of greenhouses and nurseries;
- permanent improvements to land;
- debt consolidation or refinancing; and
- operating expenses.
MASC Advantage
Our 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.
The Details
Loan Maximum
Direct Loans allow eligible farmers to borrow up to $6.25 million, at up to 80 per cent financing.
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.
Calculate Your Loan
Use the loan calculator to help select loan terms and payment options that are the right fit for your operation.
Current Lending Rates
Last updated:
April 2, 2026Repayment
Most Direct Loans have repayment terms of up to 25 years, with monthly, quarterly, or semi-annual payment options.
Loans for the purpose of equipment financing have repayment terms based on the age of the equipment.
- New equipment: The maximum term for new equipment is 10 years.
- Previously owned: The maximum term for previously owned equipment is seven years.
As always, lending clients can pay off their loans early, with zero prepayment penalties.
Qualifications
Qualified applicants for a Direct Loan can be individuals, joint farm units, partnerships, corporations, or cooperatives.
- Applicants must be Manitoba residents who are at least 18 years of age and Canadian citizens or have lawful permanent residence status.
- Applicants must personally operate the farm to which the loan applies.
- The farm must be considered potentially viable and meet security requirements.
Financing for Young Farmers
Bridging Generations Initiative
The Bridging Generations Initiative provides farmers under the age of 40 with financial incentives and customized terms and repayment options. As part of the Bridging Generations Initiative, those with a Direct Loan can benefit from:
Young Farmer Rebate
The Young Farmer Rebate is a rebate of up to 2 per cent on the first $425000 of principal for each of the first five years of the loan, available to producers 18-39 years old.
Flexible Financing
Producers between 18 and 39 years of age may be eligible for flexible financing terms that can greatly reduce start-up costs and cash flow pressures. Qualified producers can choose between interest-only payments for the first five years of the loan, or 90 per cent financing with only a 10 per cent down payment.
Additional Direct Loan Purposes
Direct Loans can also be used for specific projects, including:
Alternate Energy Loans
Alternate Energy Loans are available to finance the capital costs associated with alternate energy projects, such as ethanol, biomass, biodiesel, and wind operations.
Environmental Enhancement Loans
Environmental Enhancement Loans provide financial assistance for producers to improve the environmental sustainability of their operations.
Comprehensive Refinancing
Existing clients that are having financial difficulties may qualify to get assistance through a Comprehensive Refinancing Loan.
Knowledge Centre
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Beginning the Process
Contact your local MASC Service Centre to set up an appointment to meet with one of our dedicated specialists, to begin the next steps of the process.
