BASF announces it is extending its zero percent financing program for crop producers

Date:11-15-2022

As the agriculture community grapples with uncertainty ahead of the 2023 growing season, BASF is extending what some would call a lifeline in the midst of an unsettled economy.

For the second year in a row, BASF is offering direct access to a zero percent financing program zero percent financing program to partner with established and new growers as they explore simple purchasing options.

"It's been decades since we've observed interest rate increases at the rate set over the past year, looking ahead, many of us will need to adjust to higher rates but also the prospect of more rate variability and changes from year to year," said Economist David Widmar, noting the implication in a recent article on the subject in Agriculture Economic Insights.

"Even before the pandemic and most recent economic challenges, BASF and its retail partners have focused on the needs of farmers doing the Biggest Job on Earth," said Scott Kay VP, US Agriculture Solutions, BASF. "That means not only are we committed to providing best-in-industry product solutions for their fields, but we are helping support the financial health of their growing businesses for today's world and generations to come."

Levi and Jena Ochsner and family have been raising cows and crops in small town Nebraska since 1885. The Ochsner's have touted the program as a key ingredient to the financial success of Double O Farms.

"BASF's program helps us acquire all of the herbicides and fungicides we'll need for the growing season ahead; saving us both time and money by not having to carry the burden of rising interest rates from a bank," said Levi Oshsner.

"With a growing family, growing financial responsibilities and executing the Biggest Job on Earth, savings offered through this low-cost program helps keep our farm and our future profitable for generations to come," echoed Jena Oschner.