Deferred Payment Program
Wheat Growers is currently offering an interest rate program for new deferred payment contracts.
New or amended Deferred Payment with a due date:
- Any contracts deferred two years or less from the notification date will receive a fixed interest rate of 2%.
- Any contracts deferred over two years from the notification date will receive a fixed interest rate of 2.5%.
When deferring payments, please contact your local Wheat Growers Grain Bookkeeper and identify the date that you want to defer your payment to.
Wheat Growers will allow you to amend your deferred payment contract when the current deferred payment agreement expires. A customer can amend a deferred contract only with a signed addendum and a new signed Deferred Contract.
Producers can amend current deferred payment contracts from the day the contract is written up to one business day prior to its due. The addendum will not go into effect until the due date of the current contract and a signed copy of your addendum is received. We will use the interest rates in effect at the time the signed addendum is received.
*Please remember that all programs are subject to change without prior notice.
Wheat Growers Delayed Seed Prepay Program
Friday, November 30th is the deadline for enrollment into the Wheat Growers Delayed Seed Prepay program, locking in the best early season cash discounts with payment terms until January 10th, 2013. Talk to your Wheat Growers Agronomist to get signed up today!
Morning Market Insight
May 21, 2013
Producer Marketing Manager
Corn: As of 7:45 – July Down 13, NC Down 8
Planting Progress numbers released yesterday confirmed the torrent pace of planting