Introducing Agfarm Accelerate
Turn your future grain production into a line of credit with Agfarm Accelerate. If you are looking to finance your cropping inputs, free up your cash flow and access funds from pre-sowing right through to harvest, Agfarm Accelerate is the product for you.
You can now fund your fuel and lubricant purchases on Agfarm Accelerate, Agfarm’s crop input financing product, click here to find out more.
Upsides to Accelerate
Launch into Accelerate
We listen when you talk about the increasing costs of cropping inputs and funding with traditional banks, we have developed Agfarm Accelerate as a flexible and simple way to finance your cropping inputs for this harvest.
Find a store near you
Purchase your cropping inputs at participating stores around Australia and bill your purchases against your Agfarm Accelerate account.
Enter your postcode to find the nearest store offering Agfarm Accelerate.
- What is Agfarm Accelerate?
Agfarm Accelerate is a line of credit secured against future crop production, which you can use to purchase all your cropping inputs: agchem, fertiliser, water, crop insurance, fuel and lubricants.
- How does it work?
Once established, inputs purchased on your Agfarm Accelerate account are paid by Agfarm on the due date. Each month, you will receive financial and purchase statements to reconcile your purchases.
- How do I repay my Agfarm facility?
You repay the facility to Agfarm post-harvest from crop sale proceeds. Agfarm Accelerate does not have tonnage or buyer lock-ins.
Agfarm Account Managers can help you with your sales strategy and execution process, or you can manage your own marketing plan.
- What crops do we finance?
Crops include – winter and summer, dryland and irrigated including but not limited to; wheat, barley, oats, rice, canola, sunflows, cotton (irrigated only), chickpeas, beans, lupins, faba beans, lentils, hay, fodder, pasture and forage
- How do I apply?
- Fees and charges
Base variable compounding interest rates are tiered
- Facilities equal to or greater than $250,000 from 6.24% p.a.*
- Facilities less than $250,000 from 7.24% p.a.*
*Interest rate at time of writing and subject to change
The commitment fee is 1.5% of the approved limit, applied to the account upon opening. This is considered a draw down and incurs interest.
- What security do I need to provide?
Agfarm will register a security interest over your future crop production while the facility is in use, using the Public Property Security Register (PPSR).
PPSR is an Australia wide online government operated register, detailing personal property used as security.
In circumstances where Agfarm is unable to attain first right crop security, a 2% increase on base interest rate may apply.
- When do I need to repay my loan?
- Winter cropping: January 15
- Summer cropping: July 15
- Who can I sell to?
You can sell to any major trader or consumptive market. Agfarm Account Managers can assist you with this process.
- More FAQ’s
Need more Information?
Speak to one of our helpful staff today on 1300 243 276 or download a brochure.