Stocker Loan
Stocker Loans provide short-term financing to purchase feeder cattle and lambs, or to retain your owned calves and lambs for feeding.
Offered by Manitoba Agricultural Services Corporation
Amount
Up to $1,600,000
Up to $1,600,000 with terms of up to 18 months for cattle and five months for sheep, secured by the livestock financed, covering up to 100 per cent of the livestock purchase price
Quick eligibility check
Who can apply
Qualified applicants for a Stocker 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.
- There are no restrictions on where the feeders are bought and sold.
- Livestock may be fed on-farm or placed in a feedlot (provided it is approved by MASC).
- Cattle must have a minimum weight of 400 lbs (181 kg).
- Weaned lambs must have a minimum weight of 45 lbs (22.5 kg).
About the funding
Stocker Loans allow eligible farmers to borrow up to $1,600,000 with terms of up to 18 months for cattle and five months for sheep.
Interest Rate
Interest is charged at MASC’s one-year term rate. Stocker Loans with terms over 12 months use the two-year rate.
Repayment
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For cattle, repayment is to be made upon sale of cattle, or within 18 months for stocker steers / heifers (12 months for breeding heifers), at which time the loan is repayable in full.
For lambs and feeder cows, repayment is to be made upon sale of livestock, or within five months, whichever comes first.
Security
Stocker loans are secured by the livestock financed by the loan, which may cover up to 100 per cent of the livestock purchase price.
If you use a Stocker Loan to finance livestock and purchase a Livestock Price Insurance (LPI) policy for feeder cattle, you are eligible for a one-time interest rate reduction of 0.25 per cent.
Note: the purchased LPI policy must be of equal or greater insurable value than the Stocker Loan amount.
Stocker Loans are available for:
- purchase of steer and heifer calves, feeder cows, and lambs;
- cash advance to retain producer’s own feeder cattle or lambs; and
- purchase of unbred heifers to be bred and sold within a 12-month period.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Manitoba Agricultural Services Corporation Direct Loans | Loan | Up to $6.25 million | Open |
| BDC Purchase order financing | Loan | Finance up to 90% of the order value (excluding taxes, deposits and other payments received from the buyer), with up to 18 months to repay the loan | Open |
| BDC Indigenous Entrepreneur Loan | Loan | Up to $350,000 | Open |
| BDC Newcomer entrepreneur | Loan | Up to $50,000 | Open |
