As growers finish their harvests, they’re already looking forward to next year — seeking ways to increase yields and decrease expenses. By partnering with BASF Agricultural Solutions, they can achieve both goals.
Cutting costs won’t be easy in 2024, partly because interest rates in the open market continue to rise.
That’s why BASF maintained its low-interest financing program for 2023 that saved U.S. growers millions in potential interest charges.
Low APR Rates
For 2024, BASF will continue to support growers with a program that provides one of the lowest APRs across the industry. Growers who lock in purchases of eligible BASF brands by March 15, 2024, can qualify for 1.99% APR. Given the increased cost of capital in today’s market, a low-interest payment on the loan is one less expense eating into growers’ margins, helping to minimize cost.
BASF’s Grower Finance Program* allows growers to leverage the Multi-Use Account™ from John Deere Financial® or QuickLink Credit® Account from Rabo AgriFinance®. “We want to make sure that we’re partnering with firms that have a lot of experience in working with growers,” explains Brady Spangenberg, Marketing Director, Crop Protection, BASF US Agricultural Solutions.
Plan for success
“We made our plan as simple as possible, with a low minimum threshold to qualify,” says Spangenberg. Growers only need to spend a minimum of $5,000 on the broad portfolio of BASF eligible products to participate in the program. Contacting a qualified retailer early to enroll in the program also begins an agronomic conversation critical to success. With guidance from the retailer, growers will choose their inputs — such as herbicides, fungicides and seed treatments — more carefully.
“We’re trying to make sure there’s time to have that discussion,” says Spangenberg. “We think a planned acre is a more successful acre, and we want to facilitate that planning. Through our quality products, we’re taking part in the investment in that crop. If a grower invests with us, we want to partner with that investment.”
As growers struggle to succeed in a volatile marketplace while facing rising interest rates, BASF is committed to helping growers do the biggest job on earth and reducing financial stress is part of that. To learn more about the program, visit BASF-Grower-Finance.com.
*Terms and conditions apply. Subject to credit approval. See 2024 BASF Grower Finance Program for full details. BASF-Grower-Finance.com
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