Source: Horizon Ag news release
Horizon Ag and BASF are partnering to offer rice farmers a new 0% APR financing program, provided through Rabo AgriFinance, for Clearfield and Provisia varieties and certain BASF crop protection product purchases for the 2019 cropping season.
The Rabo AgriFinance financing program is in addition to a previously announced 0% APR program on Horizon Ag varieties and BASF crop protection products through the Multi-Use Account of John Deere Financial and enables farmers to take advantage of free interest until December 2019 to better manage their operations for cash flow and profitability.
Walker noted that the key difference is that the Rabo AgriFinance program is specific to BASF and Horizon Ag rice products while the credit obtained through John Deere Financial is included in a farmer’s overall line of credit with John Deere.
“As we head into 2019, Southern farmers continue to experience a long trend of decreased farm profitability, year over year,” said Dr. Tim Walker, general manager, Horizon Ag. “With cash flow getting tighter and interest rates on the rise, it is more important than ever that industry leaders like Horizon Ag partner with farmers to help them address financial challenges and get the crop planted.”
The latest offer is for 0% APR financing for Clearfield and Provisia rice varieties, along with rice crop protection products from BASF. The program is offered through Rabo AgriFinance, part of the Rabobank group, for purchases from October 1, 2018, through September 30, 2019.
Eligible rice varieties from Horizon Ag include all of its Clearfield varieties – CL111, CL151, CL153, CL163, CL172, CL272, and CLJ01 – followed by Clearpath herbicide or Newpath herbicide, along with Provisia variety PVL01 followed by Provisia herbicide. Customers can also finance other BASF crop protection products applied to their rice acres – Beyond herbicide, Facet L herbicide, Sharpen herbicide or Prowl H2O herbicide.
Products may be purchased at different times from one of multiple authorized retailers.
“We are excited about being able to offer both the Rabo AgriFinance and John Deere Financial options for Horizon Ag customers,” said Walker. “Combined with Clearfield and Provisia varieties that provide farmers with outstanding yield potential, grain quality and weed control, these programs reflect our ongoing commitment to improve rice farmer profitability this season and for years to come.”
For more information about both financing programs, farmers can talk to their BASF or Horizon Ag representatives or go to www.horizonseed.com.