Posted February 27, 2023 | By: Logan Spalding, Nutrien Financial Territory Sales Manager

At Nutrien Financial, our goal is to help farmers by providing innovative, flexible financing options. One of our customers in Indiana had an opportunity to expand, but he needed to act fast. We were able to put together a financing package that saved him money and allowed him to take advantage of the chance to grow his operation.

Nutrien is more than just a retailer

Clint Followell operates a corn and soybean farm in Indiana and had a unique opportunity to expand his operation by taking over acreage from a friend.

Up until recently, Clint wasn’t aware that Nutrien Ag Solutions offered financing options and expertise from Nutrien Financial. He was interested to learn about how Nutrien Financial could help him crunch the numbers and compare plans to ensure all the details included in his farm plan lined up with the details of his financial position.

Previously, Clint had been purchasing his inputs elsewhere, but our team at Nutrien Financial was able to put together a financing deal that included a blended interest rate, which was lower than prime and less than rates offered by other financial providers, and would significantly lower his investment per acre.

All financing deals are not created equal

Nutrien Financial uses an innovative calculator to help growers find the best approach tailored to their specific business needs. That approach could involve cash, a specific financing program or a blend of cash and various offers.

Cash discounts and other catch-all financing solutions that some retailers offer don’t always reveal the true cost of the purchase. Our experts at Nutrien Financial pride themselves on working closely with our customers to make sure they feel confident with their financial plans.

Financing fuels growth

The Nutrien Financial deal helped Clint take over his friend’s operation and cover the cost of inputs while saving money by securing a lower interest rate. While 2022 was marked by unrelenting inflation rate hikes, which translated to unplanned interest rate expense for many operations, this was not the case for Nutrien Financial customers. With Nutrien Financial, Clint was able to manage his cash flow better, which allowed him to preserve his bank operating line, yet still grow his operation by about 50 percent. We were able to lower the cost compared to an operating loan with the bank, and Clint didn’t have to sacrifice on service or quality products.

One of the biggest differences Clint noted in his experience working with us was the partnership and collaboration offered by Nutrien’s agronomic and economic experts, in addition to the personalized touch Nutrien provided.

We are happy to be able to continue working with growers like Clint to fuel their goals - whether they are expanding operations, saving for a rainy day, combatting an unstable market or more. At Nutrien Financial, we pride ourselves on finding solutions that keep the grower at the forefront.

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