The Government of Manitoba and Manitoba Agricultural Services Corporation (MASC) are increasing the maximum amount of funding a farmer can receive under the Young Farmer Rebate program from $150k to $200k.
- MASC designs and administers lending and insurance programs targeted at young and beginning farmers.
- This program provides an annual rebate of up to 2% on the principal of a loan from MASC for up to five years.
- As a result of the expansion, the lifetime maximum rebate will also increase, to $20,000 from $15,000.
- This change took effect Apr. 1.