Oct 1, 2007 12:00 PM, By Lynn Grooms

Financing options are growing at your local ag retailer and seed dealer

Pioneer Hi-Bred International

Growers who purchase seed from Pioneer Hi-Bred International, a DuPont business, are eligible for simple payment terms under its Commitment Reward program, whether they pay cash for their seed purchases or prefer to use financing options from Pioneer.

For cash customers, the Commitment Rewards program discounts are as high as 9% for early purchases. For growers financing seed purchases using Pioneer's Deferred Payment program, the discount is as high as 8% for early purchases. The interest rate for financing through the Deferred Payment program is prime -1% no matter when the seed is purchased.

Pioneer also offers a Quantity Savings program — the greater the purchase, the greater the savings.

Growers who want to purchase both seed and crop protection can use the TruChoice Opportunity program to finance DuPont-approved crop protection products and other approved third-party products at the same interest rate of prime -1% (no minimum purchase).

The Pioneer programs, says Todd Frazier, marketing director, Pioneer Hi-Bred, require very little paperwork and offer customers easy access to capital.

Pioneer encourages customers to discuss their operations with their local Pioneer sales representatives before selecting a program. “We like to have a discussion with the grower, going over field-by-field needs,” Frazier says. “It's important to select the right products first, then talk about financing options.”

For more information, contact Pioneer Hi-Bred, Box 1000, Johnston, IA 50131, 515/270-3200, www.pioneer.com.

Jayma Sandquist, director of sales and marketing, John Deere Credit, Johnston, IA

Dan Sartell, marketing manager, Wensman Seed, Wadena, MN

Kevin Eye, sales director, Western U.S, Land O'Lakes Seed Division, Shoreview, MN

GaryNebergall, agri-finance marketing manager, FS/Growmark, Bloomington, IL

Howard Huebner, VP, business development, ProPartners Financial, St. Paul, MN

Jamie Leifker, NK marketing manager, Syngenta Seeds, Golden Valley, MN

Bruce Barganz, operations manager, Frontier FS Cooperative, Jefferson, WI

Todd Frazier, marketing director, Pioneer Hi-Bred, Johnston, IA

Ask questions

Before committing to any financing program, a farmer should not be afraid to ask his or her local suppliers the following questions:

• What are my financial options? Which ones best fit my needs?

• Is the financial program dependable?

• When must I start making payments?

• Can I still get my cash discounts with this program?

• What interest rate am I getting?

• Are there any restrictions on the brands of products I can finance?

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