Partner Plan Financing

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

 

Partner Plan Financing:

Interest charges do not begin until June 20, 2020 regardless of your order date.

  • Interest charged by Farm Credit Canada (FCC) will be Prime plus 2.95 beginning June 20, 2020 (based on a floating Prime rate).
  • PRIDE Seeds will subsidize the interest cost for the period June 20, 2020 to November 30, 2020 at the rate of Prime less 3% (cannot be less than zero and is based on the floating Prime Rate). PRIDE Seeds will make its subsidized payment directly to FCC on behalf of the customer on November 30, 2020 or earlier in the account is paid in full prior to November 30, 2020 will include interest charges that may or may not be subsidized by PRIDE Seeds.
    • March 15, 2021 - Unpaid balance due in full.
    • Beginning March 16, 2021 - 1.5 per month charge on overdue balances.
    • FCC applies interest to the account daily.

General Guidelines:

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

  • Applications must be completed no later than April 22, 2020 given this loan is for seed to be planted in the spring.
  • For new applicants or increases to Partner Plan Financing the customer completes an FCC Financing Instruction sheet with complete customer contact information, dealer name and amount requested. The customer then either sends the form 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.
  • FCC will contact the customer by phone and will complete the applicable forms through discussion with the customer.
    • PRIDE Seeds or FCC 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 FCC 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).

  • 50% of Dealer commission will be paid on or before September 1, 2020. Balance of dealer commission and any further dealer incentives will be paid to the dealer if the customer account is paid in full before March 15, 2021.
  • The FCC and PRIDE Seeds program is specifically designed for customer purchases, dealers are not to finance their dealership or their customers through a personal FCC account.

Questions and Answers:

What PRIDE Seed products are eligible under the Partner Plan Program?

All PRIDE Seed products are eligible for the Partner Plan Financing based on a minimum retail purchase. Your order can be any combination of corn, soybeans or forages.

What if I buy more units of seed than listed on my initial order form?
No problem. Just call 1-800-265-5280 Ext. 231 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

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 or Ext. 245.

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 the Partner Plan program 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 or Ext. 245 if you have any additional questions about the Partner Plan program or PRIDE Seeds products.

3.231.167.166