Nearly 300 Manitobans have applied for disaster financial assistance after heavy rains and flooding this year.

The province said Thursday it has accepted more than 300 applications from about 270 people. 

In its daily flood update, the province also said it will not cut the dike at the Hoop and Holler Bend on the Assiniboine River. The river crested a second time Tuesday at the Portage Diversion.

Flooded shed

Floodwaters rise a third of the way up a shed in St. Lazare on July 9. (Submitted by Owen Jessop)

Officials said flows along the dikes from Portage to Headingley will slowly decline over the next week.

Forecasters said strong winds are still cause for concern on Lake Manitoba, but they are still predicting the lake will peak at 814.8 feet in early August.

The Fairford dam continues to operate at its maximum discharge capacity.

Floods force Morris Stampede to cancel dairy show

Meanwhile, the floods have forced organizers of the Morris Stampede to cancel the dairy show because many participants can't attend and show off their animals.

A number of dairy producers are dealing with flooding and therefore cannot get to the event, which is the stampede's biggest show.

"Our dairy show has been cancelled other than the 4-H kids," Morris Stampede president Tim Lewis told CBC News on Thursday.

"The guys just couldn't get here, and they're fighting floods and fighting with their haying and all that sort of thing."

Lewis said the rest of the 51st annual stampede, which began Wednesday in Morris, Man., will go ahead as planned.

He added that flooding has never had this kind of impact in the stampede's history.

"No, flooding in July usually isn't a problem," he said.

"There's been a couple of years when there has been issues, but that really hasn't effected us before as far as the dairy show goes."