Growers have three financing options for 2022, according to Kelly Meyer, Federated’s business service specialist: CFA (The Cooperative Finance Association), Rabo AgriFinance, and JDF (John Deere Financial).

Here’s the lowdown on each program:

1. The CFA program is similar to last year’s offering, but with a maturity date of Mar. 15, 2023.

The variable interest rate for this program for agronomy inputs is 2.25% through Aug. 31, 2022. “The loan has to be paid off before that maturity date to get that interest rate,” said Meyer, and if it’s not paid off, the rate increases to 4.25%.

CFA offers a 6.25% variable interest rate for other Co-op purchases, such as propane and fuel.

Meyer noted that the CFA program offers valuable benefits (see this brochure), including:

• - improved product security;
• - locked-in input costs to maximize income potential and reduce risk;
• - a secure and confidential source of payment for input products and services;
• - early payment without penalty; and
• - time-saving convenience in a one-stop source for all input needs.

2. Rabo AgriFinance offers 0% financing for all NK seed purchases, with a deadline of Aug. 31, 2022, and a maturity date of Dec. 15, 2022.

The Rabo AgriFinance program has a minimum purchase requirement of $3500.

3. The JDF program is the same this year as last year: Prime + 7.25% and with a due date of Dec. 22, 2022.

Your Federated Agronomist can direct you to the right information on financing your 2022 crop inputs.