Syngenta Seeds, Inc. makes strategic move with John Deere Credit

Published online: Aug 10, 2010 Syngenta Seeds Inc.
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Syngenta Seeds, Inc. announced it has entered into an agreement with John Deere Credit to offer grower financing solutions through Farm PlanTM for the 2011 crop season. Qualified growers purchasing Garst, Golden Harvest and NK brand seed products will be eligible to receive season-long financing, with attractive cash discounts, at competitive interest rates through Farm Plan. Farm Plan is a service of FPC Financial, f.s.b.; affiliate of John Deere Credit. Dedicated to the business of agriculture for more than 30 years, Farm Plan provides producers with the purchasing power and account management tools needed to run more profitable, more efficient operations. Farm Plan is offered at more than 7,000 agricultural retailers across the U.S and helps retailers to improve their business performance by managing accounts receivables while accelerating cash flow, reducing risk, and increasing profitable sales. John Deere Credit is one of the largest equipment finance companies in the U.S. with more than 2.6 million accounts and a managed portfolio over $23 billion. In addition to providing retail, wholesale and lease financing to help facilitate the sale of John Deere agricultural, construction and forestry, and turf and utility equipment, John Deere Credit also offers revolving credit, operating loans to farmers, crop insurance, and debt financing for wind energy. Today, John Deere Credit has approximately 1,900 employees worldwide and has operations in 19 countries.