Good Options for 2024 Financing

Dec 13, 2023


yearend decisions on prebuy and financing 2024 crop inputs
Federated offers crop input financing through a variety of good sources. Federated Co-op’s primary partner is Cooperative Finance Association (CFA).
 
“We are offering a very good interest rate for CFA this year,” said Kelly Meyer, Federated’s business service specialist.
 
An interest rate of 6.5% from CFA expires on Dec. 31, 2023, for all purchases made at Federated. On Jan. 1, 2024, that interest rate will increase to 8.5% for all co-op purchases, according to Meyer. Co-op purchases include chemicals, fertilizer, seed, application services, ag services, and energy.
 
Then, “there are some updates with CFA for 2024,” she said. Beginning this coming year, CFA loans will have a life cycle of three years; this is called the Evergreen loan. “Growers will not have to sign up [again] for three years,” said Meyer. The maturity date for 2024 loans is March 15, 2025.
 
You can learn about the program benefits and other details here.  
 
In addition to CFA loans, Federated offers other financing options that are not tied to purchases solely from Federated.
 
Follow these links for further info on each option.
   
Contact Meyer or your Federated Agronomist with any questions.
 

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