Partner Plan Financing

PRIDE and Farm Credit Canada (FCC) have formed an alliance to offer two attractive credit programs to our customers.


Partner Plan Plus:

PRIDE customers have the opportunity to take advantage of Early Payment discounts with the Partner Plan Plus program.

  • Take advantage of available early payment discounts. 
  • Interest rate is Prime plus 2.95% beginning immediately after order and credit approval is received (based on a floating prime rate). 
  • March 15, 2019 – Unpaid balance due in full. 
  • Beginning March 16, 2019 – 1.5% per month charge on overdue balances. 
  • Cancellation of complete order is subject to interest and administrative fee. 
  • Early pay discount category will be the rate in effect when the order is placed or approval for credit is given, whichever is later. 
  • FCC applies interest to the account daily.

Partner Plan:

For the Partner Plan program, interest charges do not begin until June 20, 2018 regardless of your order date.

  • Interest charged by Farm Credit Canada will be Prime plus 2.95% beginning June 20, 2018 (based on a floating Prime rate) 
  • March 15, 2019 – Unpaid balance due in full. 
  • Beginning March 16, 2019 – 1.5% per month charge on overdue balances. 
  • PRIDE will subsidize the interest cost for the period June 20, 2018 to December 1, 2018 at the rate of Prime less 3% (cannot be less than zero and is based on the floating Prime Rate). PRIDE will make its subsidized payment directly to FCC on behalf of the customer on December 1, 2018 or earlier if the account is paid in full prior to December 1, 2018. The statements the customer will receive from FCC prior to December 1, 2018 will include interest charges that may or may not be subsidized by PRIDE Seeds. 
  • FCC applies interest to the account daily.

General Guidelines:

All PRIDE products are eligible for Partner Plan Financing based on a minimum purchase.

  • Applications must be completed no later than April 20, 2018 given this loan is for seed to be planted in the spring. 
  • For new applicants to Partner Plan Financing, the customer completes an FCC Financing Instruction sheet with complete customer contact information, dealer name and amount requested and send by mail to PRIDE Seeds, P.O. Box 1088, Chatham, ON N7M 5L6, Attention: Credit Department, by email to ksterling@prideseed.com or by fax to 519-354-8155. 
  • Farm Credit Canada will contact the customer by phone and will complete the applicable forms through discussion with the customer. 
  • PRIDE Seeds will forward the completed documents to the customer for signature. Photo ID copies must be provided by the customer with the signed documents. 
  • For subsequent years, loans may be auto-continued at the discretion of Farm Credit Canada if the prior loan amount was less than $250,000; there has been no material change in the credit (Beacon/BRP) score and payment history is good. 
  • In all cases where credit has been approved, PRIDE SEEDS will invoice the customer directly. Payments should be made to PRIDE SEEDS, P.O. Box 1088, Chatham, ON, N7M 5L6 Attention: Credit Dept. (Do not make cheque payable to Farm Credit Canada).

 

Questions and Answers:


What PRIDE Seed products are eligible under Partner Plan Programs?
All PRIDE Seed products are eligible for Partner Plan programs based on a minimum retail purchase. Your order can be any combination of corn, soybeans, forages or inoculants.

What if I buy more units of seed than listed on my initial order form?
No problem. Just call 1-800-265-5280 Ext. 219 for information on increasing your original credit application level.

Where do I send the FCC Financing Instruction sheet and who will complete the credit review?
FCC Financing Instruction sheet should be sent by mail to:

PRIDE Seeds
P.O. Box 1088
Chatham, ON, N7M 5L6
Attention: Credit Department

or email to ksterling@prideseed.com or fax 519-354-8155.
Farm Credit Canada will contact the applicant.

Where do I forward my payment?
Payments should be made directly to:

PRIDE Seeds
P.O. Box 1088
Chatham, ON N7M 5L6
Attention: Credit Department.

If you would like up-to-date information on your outstanding balance at any time, contact PRIDE Seeds at 1-800-265-5280 Ext. 219.

Does this change the way I do business with my PRIDE dealer? What if I need to switch varieties based on spring conditions?
Your PRIDE dealer is a valuable resource for information, ordering, receiving or switching PRIDE Seed products. The only thing that changes by participating in Partner Plan programs is that you will be dealing with PRIDE Seeds directly for account information and payments.

What if I have additional questions?
We’re here to help. Call our Customer Service Department at 1-800-265-5280 Ext. 219 if you have any additional questions about Partner Plan programs or PRIDE products.