US: BASF continues its commitment to low-interest grower financing

Date:10-05-2023

In preparation for the 2024 growing season, BASF is continuing its commitment to affordable solutions for growers by once again offering low-interest financing of BASF products. BASF’s 2024 Grower Finance Program will offer growers 1.99% APR on all participating BASF products through March 15, 2024, significantly less than current U.S. interest rates. Financing for BASF cotton seed will remain at 0% APR.

″BASF is focused on the needs of growers doing the Biggest Job on Earth and understands the challenges the volatile economic climate creates,″ said Scott Kay, Vice President, BASF Agricultural Solutions US. ″We remain committed to supporting the financial health of growers by offering BASF’s essential products to growers at one of the lowest financing rates in the industry.″

In 2023, BASF financing saved U.S. growers millions of dollars in potential interest charges, significantly benefitting customers of BASF seed (Stoneville^® cotton seed, Fibermax^® cotton seed, Xitavo™ soybean seed, InVigor^® canola seed, and Credenz^® soybean seed).

Adam McLendon has been using Stoneville cotton seed for ten years and praised the program for the financial flexibility it has provided his operation.

″BASF’s Grower Finance Program has allowed us to purchase our cotton seed at 0% interest for a number of years now,″ said McLendon. ″Our farm’s operating costs have continued to rise over the last several years, making BASF financing a necessary tool that allows us a cost-effective solution to purchasing one of our most important inputs: Stoneville cotton seed.″

Growers are encouraged to take advantage of early season purchasing, as 1.99% APR is available through March 15, 2024. BASF will offer 2.99% APR from March 16, 2024, through the remainder of the season (September 30, 2024). To qualify, growers must make a qualified minimum purchase and finance one or more BASF participating branded products (Crop Protection, Seed, Seed Treatment) of $5,000 or more.