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BASF offers Grower Finance Program to mitigate high interest rates

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An ag retailer is offering a way to help farmers manage high interest rates.

Brady Spangenberg with BASF says the 2024 Grower Finance Program is one of the best in the market in terms of the overall rate.

“A 1.9 percent financing program with harvest terms should allow that grower to have a discussion with their retailer about which products fit right for the acres they’re planning.”

He tells Brownfield while current rates aren’t outrageous in comparison to historical averages, it’s a dramatic change compared to the past three to five years.

BASF offers Grower Finance Program to mitigate high interest rates