When do you start talking to your growers about the next crop year? Now may seem early to some, but at Frontier Cooperative, we start conversations about the next year as soon as planters stop rolling in the spring. SECURE™ Financing by WinField® United has been a great tool that fits right into our proactive, holistic approach to farm planning. Here’s how.
Helps Mitigate Risk
By shifting grower mindset to the next crop year once seeds are in the ground, we’re able to make rational, strategic plans with emotions removed. Once a plan is estimated and finalized, tying SECURE financing into the program makes it simple for producers to access funding and prepay the inputs they need for the next year. This not only gives them a sound, well-thought-out strategy, it also prevents rushed decisions and scrambling for financing later down the road.
Strengthens Our Systems Approach
SECURE financing fits right into our systems approach to creating whole farm plans. Producers can finance their seed, chemicals and fertilizer through SECURE financing, providing convenient access to their three major inputs in one simple place. When making input decisions, it’s easy to wrap financing into the process without producers managing additional steps or external coordination. Having a tool like SECURE financing allows you to serve their entire business throughout the year.
Offers Competitive Interest Rates
We’re proud to offer our growers a competitive financing option to give them some flexibility back on their balance sheet. Compared to other financing offers, growers can save about $9 an acre on interest expenses through SECURE financing, which can be invested in agronomic inputs or other tools that could generate additional income instead of simply writing a check for interest.
Keeps Business Local and Convenient
SECURE financing is backed and provided by WinField United, but the whole process starts and ends with you, their trusted advisor. This is a major selling point for many producers because the same people creating their farm’s game plan are also the people coordinating their financing, which not only provides an extra level of trust and understanding but keeps things conveniently localized. Plus, you become their one-stop shop for input planning.
SECURE financing has been a great tool to offer our growers as we develop their farm plans. It’s simple to use, allows us to expand our offerings and helps build deeper relationships with our growers as we continue to find new ways to serve their business.
For more information on SECURE Financing, contact your local WinField United representative.