By Brian Hefty
Every year we talk about the importance of prepaying. The savings are big, and most dealers offer price protection on seed and pesticides if prices go down in-season. If you are holding on to your grain, leaving you a little short on cash, there are plenty of options so you can still get prepay prices. Most local banks are still very excited to work with you, especially on short-term loans. In addition, there are many 3rd party lenders willing to help.
One that we find especially appealing is the FMC Essentials Financing Program through John Deere Financial. Most retailers offer this to their customers, as it’s very simple and easy to take advantage of. Unlike many of the other finance offers out there that require you to buy seed first or multiple crop protection products, you only need to purchase a minimum of one FMC product, and the interest rate is 0% due December 2016! The best part is there is no cost to you and no cost to your dealer. FMC is simply using this program to help grow their business, so they are funding it 100%. The only catch is you need to finance at least $10,000 of FMC products in total, but virtually all of their products are eligible, including the Authority and Anthem brands, Capture LFR, Hero, Aim, Marvel, Solstice, and many more.