Rice farmers looking for ways to strengthen their cash flow and financing outlook in 2019, and improve their profitability potential, now have two financing options when purchasing proven Clearfield® and Provisia® rice varieties from Horizon Ag.
The latest offer, reflecting the close partnership between BASF and Horizon Ag, 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.
“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 Horizon Ag partner with farmers to help them address financial challenges and get the crop planted.”
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.
“We are excited about being able to offer the Rabo AgriFinance and John Deere Financial options for Horizon Ag customers.”
Products may be purchased at different times from one or multiple authorized retailers.
The Rabo AgriFinance offer joins a previously announced 0% APR financing program on Horizon Ag varieties and BASF crop protection products through the Multi-Use Account of John Deere Financial. 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.
With two programs available, farmers have more options to better manage their financing approaches while making the best decisions to improve their bottom line, he said.
“We are excited about being able to offer 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.”