Contract Farming & Livestock Farming

Product description

The “Cotton Producers Contract Support” product gives new or existing growers the opportunity to receive in advance a prepayment for part of the contract concluded with the ginner - final buyer. Cooperative Bank of Karditsa offers significant competitive advantages to the producers, enabling them to schedule in time the procurement of the necessary supplies and the production costs, having secured the necessary funds, depending on their capacity.

It is addressed exclusively to professional farmers in the area of Karditsa and a necessary condition for its provision is an active contract between the producer and a contracted Ginner.

Product characteristics

Loan amount

Financing up to a percentage of 50% of the estimated collection amount, with a maximum limit of 25.000€.

Duration

Up to 12 months.

Interest rate

From 7.0% (plus Levy L.128).

Conditions / Guarantees

Assignment of the accounts receivables of the contracted ginner.
In case the agricultural aids - subsidies of the grower is payed to an account of our Bank, the above percentage of financing is increased up to 80%.
Other guarantees are examined on a case by case basis.