DEFERRED PAYMENT PROGRAM
Agtegra is currently offering an interest rate program for new deferred payment contracts.
New or amended Deferred Payment with a due date:
- Any contracts deferred two years or less from the notification date will receive a fixed interest
rate of 3%. - Any contracts deferred over two years from the notification date will receive a fixed interest
rate of 3.5%.
When deferring payments, please contact your local Agtegra Grain Bookkeeper and identify the date that you want to defer your payment to.
Agtegra will allow you to amend your deferred payment contract when the current deferred payment agreement expires. A customer can amend a deferred contract only with a signed addendum and a new signed Deferred Contract.
Producers can amend current deferred payment contracts from the day the contract is written up to one business day prior to its due. The addendum will not go into effect until the due date of the current contract and a signed copy of your addendum is received. We will use the interest rates in effect at the time the signed addendum is received.
*Please remember that all programs are subject to change without prior notice.