NC+ Hybrids, one of the largest independent seed companies in the USA, is expanding its Farm Plan* financing payment options to offer additional value for customer purchases for the 2001 growing season.

"We want to continue to provide value to our customers," NC+ Director of Sales and Marketing Gene Kronberg said. "Does our new payment program do this? The answer is an unqualified yes. Adding product value is a key issue for farmers and justifiably so. That's why we've addressed it with this program."

NC+ is adding a new third option called Seasonal Terms to their Farm Plan financing program. The agreement allows customers to lock in at a fixed rate of 7.5 percent APR that starts at the date of purchase with the option to defer payments until December 2001. NC+ is also waiving the 5 percent administration fee that would normally go with the Seasonal Terms option. This option is being offered by NC+ from November 2000 through March of 2001.

"If a customer selects the Seasonal Option under the Farm Plan, we are not restricting them from taking additional advantage of the cash discount program we offer," Kronberg said. "And our cash discount program is as aggressive as any in the industry." The NC+ Early Payment Discounts
range from 11 percent to 2 percent depending on which deadline date the customer chooses to make payment.

NC+ will continue to offer the 120 days No-Payments/No-Interest and Regular Terms options as part of their Farm Plan program. The 3.25 percent administrative fee normally assessed for the 120 days option has been waived for 2001 purchases. Farm Plan Dividends, a customer reward based on monthly Farm Plan charge volume, also provides additional value on the purchase
of NC+ seed.

Other payment options include Visa/Mastercard and Ag Services of America.

NC+ Hybrids based in Lincoln, Neb., is one of the largest independent seed companies in the United States. Farmer-owned for over 40 years, NC+ nationally markets corn, soybeans, grain sorghum, forage sorghum, sudangrass and alfalfa. For more information contact their web site at
www.nc-plus.com. 

Company news release
N3081