USA - BASF adjusts its grower financing program to support farm liquidity and early planning ahead of the 2025 growing season

Date:11-18-2024

In response to rising liquidity challenges for growers and the agriculture industry, BASF announced an important update to its grower financing program. The 2025 Grower Finance Program now offers 0% APR financing through March 15, 2025, on all crop protection and seed treatment products. This brings industry-leading financing rates to dozens more products in the BASF portfolio, allowing growers more flexibility and opportunity when planning for 2025. 

″As harvest comes to a close, growers are turning their focus to next year’s crop and we are hearing greater concerns about tightening farm balance sheets and uncertainty around planning for the next season,″ said Scott Kay, Vice President, BASF Agricultural Solutions U.S. ″BASF understands how today’s economic climate impacts growers and remains committed to finding solutions, including financing, to help them do the Biggest Job on Earth.″

Growers are encouraged to take advantage of early season purchasing to start planning for a strong finish, no matter the environmental conditions. The 0% APR offer on BASF crop protection and seed treatment portfolio is available through March 15, 2025, and then the rate changes to 4.99% APR through Sept. 30, 2025. To qualify, growers must make a minimum purchase of $5,000 of applicable BASF products.

″Interest rates remain high and amending our Grower Finance Program to make all BASF crop protection and seed treatment offerings eligible for 0% APR financing is an opportunity for us to make an impact quickly,″ said Brady Spangenberg, Marketing Director, U.S. Crop Protection at BASF. ″Minimizing the cost of financing eliminates one more hurdle for growers in creating agronomic plans that maximize the yield potential of their fields.″

The grower financing program remains unchanged for Xitavo™ soybean seed, and Stoneville^® and Fibermax^® cotton seed. For Xitavo soybean seed, 1.99% APR is available until January 15, 2025, then shifts to 4.99% APR from January 16, 2025, through July 31, 2025. Farmers must make a $5,000 minimum purchase of Xitavo soybean seed to qualify. Financing for BASF cotton seed (Stoneville and FiberMax cotton seed) will be available at 1.99% APR from February 1, 2025, through September 30, 2025, with a qualified minimum purchase of $5,000 of BASF cotton seed.