Finance Options

Harvest Loan

Through its partnership with CBH Grain, Plum Grove offer WA growers the opportunity to take advantage of wheat financing. Wheat finance provides growers with a simple and flexible financing option for harvest with a choice of instant cash at harvest with the Harvest Loan or a drawdown facility with the Flexible Drawdown Loan.

The Harvest Loan payment option provides growers with a loan value of a minimum of 70% of the wheat NEPR less 100% of estimated costs within 7 business days from end of week of nomination. No GST is paid on these loan payments. You also have the choice of a Flexible Drawdown Loan, giving you the option to draw down funds into your account when you need it most.

Interest Rate

The loan charges one variable interest rate regardless of how much you deliver (i.e. rates are not tiered). This is a variable rate and may change throughout the course of the loan.

Repayments

The loan balance is automatically repaid by Distributions over the life of the pool. Further to this, you can make repayments into your loan account when you want. GST is paid on Distributions, which also goes towards repaying your loan.

Payments

You have the option to receive the full credit limit automatically at harvest time or alternatively, you can select the flexible draw down option and draw down against your credit limit when needed. You must pre-register for a Flexible Drawdown Loan before transfer your wheat. To draw down funds fill in and return the CBH Grain Wheat Finance Drawdown Request form or log on to LoadNet and do an online request. There are no fees or security required on the loans. Monthly loan statements are made available through LoadNet or in the post so you can see the status of your loan.