Farmer's Weekly (South Africa)
Finance your centre pivot with Agrico and Nedbank
Agrico and Nedbank have united to offer farmers innovative funding solutions.
Agrico is thrilled to announce that they have partnered with Nedbank Commercial Banking to offer farmers enhanced financing options for their new centre-pivot irrigation systems.
Agrico and Nedbank share a deep commitment to supporting the agriculture sector as a key contributor to the South African economy. The companies recognise the importance of sustainable farming practices, not only in ensuring the nation’s food security, but also in nurturing the long-term health of the agriculture industry.
This partnership signifies a significant step towards empowering producers with the financial resources needed to optimise their farming operations.
KEY FEATURES AND BENEFITS OF NEDBANK’S FINANCE OFFERING
It is easy to apply. You can visit your nearest Agrico branch and speak to a consultant, who will guide and help you with the application process. You’ll enjoy preferential interest rates. You can finance up to 100% of the cost of your centre-pivot irrigation system. This includes pipes, electrical components and installation cost. You can also finance upgrades such as a new control panel or spray packages, as long as they contribute to enhanced sustainability.
These finance options are available to all Agrico clients. Nedbank does not have to be your main bank, although you may want to explore its wide range of competitive banking products and services. Nedbank will be happy to share more information with you, and will consider financing periods of up to 10 years.
Agrico believes that embracing advanced irrigation technology and improved farming practices increases efficiency, boosts yield and reduces water and electricity usage.
This not only drives long-term cost savings, but also increased profitability. Agrico encourages farmers to switch to its water-efficient irrigation systems, which will empower them with a distinct competitive edge in the market.
HOW TO APPLY
For further details on the financing options, get in touch with your local Agrico representative or fill in the contact form on the company’s website (agrico.co.za/contact), and they will get back to you.
Please note that acceptance is subject to meeting qualifying criteria.