The Harvest Loan is a lending facility that provides wheat growers with finance utilising wheat they deliver into a Toepfer International (Toepfer) Pool as security. A Rural Bank Harvest Loan advances the grower up to 70% of the Underwritten Estimated Pool Return (EPR1) as set by Toepfer, plus or minus any applicable premiums or discounts, minus costs.
The Harvest Loan is suitable for grain growers wanting to improve their cash flow by leveraging the value of their grain held in a 2010/12 Toepfer Pool.
- Grower has access to funds prior to Toepfer Pool distribution payments.
- Repayments made direct from Toepfer Pool distributions.
- Interest capitalised at a competitive variable interest rate.
- Flexibility over timing of disbursement – the grower has choice of full automatic disbursement of the available amount as grain is delivered to the Toepfer pool or disbursement of funds at the growers request.
To find out more about Toepfer Pools visit www.elders.com.au/pools
1EPR is the Underwritten Estimated Pool Return for each grade of wheat that is used to calculate the loan or facility limit. It is announced and set by ETG. Disclaimer: This information has been prepared without taking into account your personal circumstances, objectives, financial situation or needs. All applications for loans or credit are subject to lending criteria. Terms, conditions, fees and charges may apply. Full details are available on application or by talking to your local District Banking Manager. All information is subject to change. Products are issued by Rural Bank Limited and distributed by Elders Rural Services Australia Limited.Rural Bank Limited ABN 74 083 938 416 AFSL 238042. Registered office: 27 Currie Street, Adelaide SA 5000.