New Year Crop Financing Options

Agronomy
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Federated works hard to offer the best financing options for growers. “If we can help farmers save money to make their operation more profitable, then we know we are making a difference and building a strong relationship with our growers, said Keith Steiner, Federated’s business relationship specialist.

For 2019 Federated Co-ops has again teamed up with CFA, an agriculture financing co-op out of Kansas City, MO, to offer very attractive interest rates on crop input loans. CFA has become Federated’s most popular option because of the value it brings to farming operations. Growers save money with the low interest rate, and the CFA loans provide flexibility for grain marketing with the spring due date (March 15, 2020).

The crop input loan can be used for and seed, fertilizer, crop protection, and fuel purchases made through Federated Co-ops. These loans also give growers the opportunity to take advantage of early purchase discounts on seed, fertilizer, crop protection and fuel. Other advantages of the CFA loans include:

  1. the ability to purchase all seed varieties and brands on one loan with no minimums;
  2. a very easy application process with loan approvals in 1-2 days;
  3. working directly with a Federated employee to develop a comprehensive agronomic relationship that complements your operation;
  4. time-saving, one-stop convenience for all crop input needs.

For growers who wish to obtain or already have an established credit line with John Deere Financial, Federated offers assistance with using the credit line for crop input financing (which will be due on their December John Deere statement), as well as for seed financing through major seed companies (most of which offer low interest rates – some as low as 0% fixed – early purchase discounts with due dates of November and December 2019.

With solid financing options, growers can find “peace of mind knowing they can afford their inputs and put their best effort into growing the best crop they can,” said Steiner. Don’t let the new year get too old before contacting Steiner or your Federated Agronomist about 2019 crop financing.