The popular Community Choice local financing program from Syngenta Seeds headlines the company's 2003-2004 financing options for NK® Brand seed.  A unique program, Community Choice allows growers making a qualifying purchase of NK Brand seed to finance the order through a participating local lender with a guaranteed 3 percent interest rate buy-down from Syngenta Seeds.

To participate in the NK Brand Community Choice program, growers simply provide a copy of their qualifying NK Brand seed order to a participating local lender.   Seed must be purchased between October 1, 2003, and February 27, 2004, and early pay discounts apply to the purchase, as well. 

"Growers receive a competitive interest rate, usually only available directly from programs delivered through major financing companies, and they have the advantage of working with a local lender they know and trust," said Marc Hennen, NK Brand corn marketing manager.  "Plus, local lenders can expand their services and the money stays in the community, supporting the local economy."

Community Choice features quick and easy enrollment for both lenders and growers.  Lenders sign a buy-down agreement with the company, and once they receive confirmation information, they can immediately start enrolling NK Brand seed customers in the program.  Then, with the grower's completion of one simple document, the loan is like any other from their local bank.

"We currently have a large number of local lenders enrolled in Community Choice across the country, and that number continues to grow rapidly, offering NK Brand purchasers ample access to the program," Hennen added.   "Plus, if a grower's preferred local lender is not already certified for the program, the lender can easily sign up."In addition to Community Choice, NK Brand seed buyers may choose AgriFit(tm) financing, which can include products from Syngenta Crop Protection and interest rates as low as 1 percent below prime (variable), depending on purchase dates.   

Syngenta is a world-leading agribusiness committed to sustainable agriculture through innovative research and technology. The company is a leader in crop protection and ranks third in the high-value commercial seeds market. Sales in 2002 were approximately US $6.2 billion. Syngenta employs some 20,000 people in over 90 countries. Syngenta is listed on the Swiss stock exchange (SYNN) and in London (SYA), New York (SYT) and Stockholm (SYN).

NK®, AgriFit(tm) and the Syngenta logo are trademarks of a Syngenta Group Company.