Crop Inputs
Highlights
FCC Input Financing is designed specifically for businesses like yours. This program offers easy, flexible, and simple financing to help you manage your cash flow effectively. You can purchase essential inputs like fuel, fertilizer, and crop protection with the convenience of up to 18 months to pay. This extended payment schedule allows you to market your crops at the best price before making a payment.
Key Benefits:
- Extended Payment Schedule: Up to 18 months to pay, with no penalties for early payments.
- Cash Flow Management: Payments are scheduled around your cash flow, giving you the flexibility to market your harvest at the best price.
- One-Stop Shopping: Finance up to 100% of your input purchase through local retailers, making it convenient for anyone in your operation to pick up inputs.
Applying is quick and easy. You can apply online securely and get approval in just a few simple steps. This program is a great opportunity to free up your cash flow and ensure your business runs smoothly.
Financing Details
Type of Financing: Loan
Repayment Terms:
- You have up to 18 months to repay the loan.
- Payments are scheduled around your cash flow.
- No penalties for early repayment.
Eligible Expenses:
- Fuel
- Fertilizer
- Crop protection
Use of Funds:
- Funds cannot be used for expenses outside of fuel, fertilizer, and crop protection.
Fees:
- No additional fees associated with the program.
Qualifications
- Must be an agricultural business.
- Must purchase inputs such as fuel, fertilizer, and crop protection.
- Must work with local retailers for input purchases.
- Must be able to manage cash flow with an extended payment schedule of up to 18 months.
- Must be able to make annual payments, with purchases after September 1 not due until March 15 of the following year.
Must utilize the FCC Input loan for financing input purchases.
Disqualifications:
- Businesses outside the agricultural sector.
- Businesses unable to work with local retailers for input purchases.
- Businesses unable to manage cash flow with the provided extended payment schedule.
- Businesses not requiring financing for input purchases.
Description
This program helps your business manage cash flow by providing flexible financing for essential inputs like fuel, fertilizer, and crop protection. You have up to 18 months to pay for these purchases, allowing you to market your crops at the best price before making a payment.
Key benefits include:
- Extended payment schedule: Payments are scheduled around your cash flow, giving you up to 18 months to pay. You can also make payments anytime without penalty.
- One-stop shopping: Finance up to 100% of your input purchases through local retailers. This means anyone from your operation can pick up inputs and charge them to your dedicated loan.
- Cash flow management: Purchases made after September 1 are not due until March 15 of the following year. You can even roll fall advances into the next crop year.
This program offers a simple and flexible way to keep your business running smoothly while optimizing your cash flow.
Program Steps
Gather Necessary Documentation: Prepare the following documents to support your application:
- Recent financial statements
- Business plan
- Details of intended use of funds (e.g., quotes for fuel, fertilizer, crop protection)
- Identification documents for business owners
Find a Local Retailer: Locate a participating local retailer who offers FCC Input Financing. This retailer will facilitate your input purchases and financing.
Complete the Online Application: Visit the FCC Input Financing website and fill out the online application form. Ensure all information is accurate and complete.
Submit the Application: Submit your completed application online. Double-check that all required documents are attached.
Await Approval: Wait for FCC to review your application. They may contact you for additional information or clarification.
Receive Approval and Set Up Loan: Once approved, you will receive details about your loan, including the pre-approved lending limits and payment schedule.
Purchase Inputs: Use the approved loan to purchase fuel, fertilizer, and crop protection from your local retailer. Payments will be made directly to your FCC Input loan.
Manage Payments: Monitor your cash flow and make payments according to the schedule. You have up to 18 months to pay, with flexibility to make payments any time without penalty.
Market Your Crops: Take advantage of the extended payment schedule to market your crops at the best price before the annual payment is due.
Roll Over Advances if Needed: If necessary, you can roll fall advances into the next crop year, providing additional flexibility for your operation.