No other crop protection company offers their own crop financing program at PRIME variable interest rate and a deferred payment date of December 1, 2013.
Here’s how you, as a DuPont™ FarmCare® Connect, member, can save big.
With a strong outlook for crop prices heading into 2013, many growers will feel that next year's crop is not the time to lighten up on yield-enhancing inputs. At the same time, however, cash flow is always of paramount concern. Growers want to maintain sufficient working capital to handle any unexpected contingency that might come up.
That’s why DuPont™ FarmCare® Finance, available to FarmCare® Connect members, at PRIME variable interest rate, is a great tool to have on your side.
FarmCare® Finance is a crop finance program administered through crop protection retailers. It allows growers to purchase DuPont crop protection products and Pioneer® brand D-Series canola hybrids and defer payment for up to 14 months. A crop protection or D-Series seed purchase made in October 2012 needn't be paid until the payment deadline of December 1, 2013.
"We believe FarmCare® Finance offers a lot of value to growers in Western Canada," says Lisa Power, Seed Treatment & FarmCare® Finance Manager with DuPont Crop Protection. "In fact, we are the only crop protection company that offers this type of program to its customers."
The ability to defer payment for up to 14 months – to December 1, 2013 - is a key benefit of this crop finance program. Another attractive feature is the rock-bottom interest rate that's available to growers. While many financial institutions offer financing at Prime Rate plus 2% or 3%, the prevailing rate for FarmCare® Finance is the Prime Rate plus 0%. The Prime Rate, the interest rate that banks charge their most creditworthy customers, is currently at 3%.
Power notes that FarmCare® Finance is available for purchases of all DuPont crop protection products in Western Canada: that is, herbicides, fungicides and insecticides for cereal crops, oilseed crops, pulse crops, horticultural crops and row crops.
Given the dollar value of many growers’ annual crop protection purchases, the difference between 3% and 5% or 6% is an amount that's well worth keeping in your pocket. Think of this cash flow flexibility and cost savings as another great benefit of your FarmCare® Connect membership.
For more information about FarmCare® Finance, please contact your DuPont Crop Protection sales professional, Pioneer Hi-Bred sales representative or your crop protection retailer. You can also visit www.farmcarefinance.com or call 1-800-922-2368.