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FINANCING

 

Agri Credit Solutions is a registered credit provider who provides financing to Senwes group clients. Agri Credit Solutions is the financing link between agricultural producers and Senwes's other operations. We offer clients market-directed services, a quick credit selection process and marketing support through personal visits to clients.  

 

Agri Credit Solutions provides the following products / services


  • Monthly Accounts 89/90

    A wide variety of items can be bought on your monthly account at Hinterland or the retail network within the Senwes Group.
    Account balances are payable 30 days after the date of statement.
    Accounts are interest free, until payment due date.

  • Crop Production Account

    Agri Credit Solutions offers credit facilities, enabling the client to purchase agricultural input products and services through Hinterland that are necessary for the production of summer and/or winter crops.
    The credit facility utilised has to be settled in full by no later than 31 August (summer crop) and 31 January (winter crop), or as crops are harvested and sold for the specific harvest season, which ever event happens first in time.
    Security requirements may be applicable, depending on the assessment of each client’s financial position, repayment capabilities as well as the risk grading of the client and taking into account the existing relationship with Agri Credit Solutions that the client may have.
    Input products and services should be purchased from Hinterland, as well as other retail outlets within the Senwes Group of companies.

  • Contract Insurance Plan (CIP)

    Clients are approved for multi-peril insurance by an authorised financial services provider in short term insurance by means of the clients’ own historical crop information. This can be used as security for a production credit facility.
    Outstanding accounts have to be settled as the harvest is marketed – but no later than 31 August (summer crop) and 31 January (winter crop) of the specific harvest year.
    All input products and services should be purchased from the retail network within the Senwes Group.

  • Animal Production Account

    Certain production means that are used in the production of red meat and wool related products can be financed by Agri Credit Solutions.
    The account should be settled no later than 31 May (or other date depending on the client's marketing).

  • Insurance Account

    A range of insurance products are available and can be arranged through Certisure Brokers, an affiliated company.

  • Grain Financing Account

    This account allows a client to borrow money against grain in storage with Senwes Grainlink to help improve the client’s cash flow.
    This account is payable within 6 months or on such a date as determined by Agri Credit Solutions.

  • Grain Hedging Account

    The aim of this account is to finance grain instruments. Options follow a pre-approved strategy and speculation is limited. This facility is reviewed annually.

  • Livestock Account

    Agri Credit Solutions offers a credit facility used to finance general requirements and operational needs related to animal production.
    Accounts to be settled annually, no later than 31 August.

  • Lime Account

    Account facilities are available to purchase lime.
    Outstanding balances are payable in two yearly instalments on 31 August (summer crops) and/or 31 January (winter crops).
    This account is only for clients that have production accounts with Agri Credit Solutions and purchases of lime can only be done at Bastion, an affiliated company.

  • Working capital: Deposit account

    The account can be used to make cash purchases at Hinterland as well as other retail outlets within the Senwes Group of companies.
    Discount is granted to the client depending on the amount, to enable him to qualify for a saving on purchases / production costs / bank charges.

  • Medium Term Loan

    This product offers the client the opportunity to purchase agricultural property.
    Instalments can be monthly, quarterly, half - yearly or annually.
    The loan can be structured over a maximum period of ten years.
    A first covering mortgage bond over fixed property with a property value equal to the amount of the loan is required as security.
    A 30% deposit is required when purchasing agricultural property, alternatively an existing mortgage bond that is registered in the name of the applicant can be used.

  • Medium Term Loan relating to Precision Farming

    Purchases of capital equipment are financed.
    Instalments can be made with a monthly, quarterly, semi-annual and annual frequency. The repayment schedule for the loan can be structured over a maximum period of three years.
    A first coverage mortgage on property with a productive value, that is equal to the amount of the required loan, is required as security.
    A personal contribution to the amount of 25% of the purchase price of the property is required.
    Equipment needs to be bought through Senwes Equipment.
    The Precision Farming division of Senwes Equipment needs to suggest the transaction.

  • Grazing Account

    Account facilities are available to finance activities relating to the planting and fertilisation of grazing.
    Instalments can be made monthly, quarterly, six-monthly or annually.
    The repayment of the loan can be structured over a maximum period of three years.
    Security may be required equal to the amount of the required loan.

Any vehicles, equipment or implements such as cars, bakkies, trucks, tractors, combines, centre pivot sprayers etc. that have been purchased from an approved dealer can be financed by Agri CS Asset Finance.