
The objective of the Manitoba Agricultural Services Corporation (MASC) is to support and to encourage the development and diversification of Manitoba’s rural economy through the provision of credit and programs to manage income risk. MASC is divided into two types of programming: credit programming (formerly the Manitoba Agricultural Credit Corporation) and income risk management programming (formerly the Manitoba Crop Insurance Corporation).
Under credit programming, the activities that are performed include providing direct loans for land purchases and other farming activities, guaranteeing farm loans made by the private sector, providing interest benefits through the young farmer rebate, providing special assistance in co-operation with the Manitoba Farm Mediation Board, providing emergency financial assistance on the direction of the Government of Manitoba, and providing financial assistance for rural economic development.
Under income risk management programming, the activities that are performed include administering the Canada-Manitoba Production Insurance Program, offering unsubsidized hail insurance for crops, administering the Wildlife Damage Compensation Program (which covers damage to agricultural products caused by migratory waterfowl and big game animals, as well as livestock predation), and administering other Government of Manitoba programs that provide income compensation.