Adam Prestegord is an oilseed and cereals crop segment manager for FMC who has recently partnered with John Deere Financial to offer several offers for growers to finance key crop inputs. I learned more about this initiative from Prestegord during the 2014 Farm Progress Show held in Boone, Iowa. FMC was a sponsor of our coverage of the event.

“We’ve been hearing from our customers a growing need for financing, for crop inputs. With crop pricing coming down the last few months there is not as much cash available at the grower level and we’ve really started to hear more and more the need for grower financing to give them the ability to buy crop inputs to take the really key ones that are critical to their farm operations,” explained Prestegord regarding why they decided to pursue the financial partnership.

“We chose John Deere specifically because they are one of the largest providers of farm financial services,” continued Prestegord. “They have a lot of name recognition as well. But not only are they one of the largest providers, they also have a relationship with over 75 percent of our store retailer network. So over 75 percent of our account are already merchants of John Deere Financial.”

Starting September 1, 2014 growers will have the opportunity for several offers: three in the corn, soybean oilseed geography and another two will be in the rice and tobacco geographies in the south.

To learn more about FMC’s partnership with John Deere Financial and all the offers, listen to Cindy Zimmerman’s interview with Adam Prestegord: Interview with Adam Prestegord, FMC

View the Farm Progress 2014 Flicker photo album.

Coverage of the 2014 Farm Progress Show is sponsored by