Harvest Advantage 
grains of rice 
 

Banking on your future growth

Available exclusively to existing Rabobank All In One and rural loan clients, is our Harvest Advantage facility. We can offer you short-term finance that allows you immediate access to the equity in your grain harvest, meaning more flexibility in managing your cash flow.

 

Features of Harvest Advantage

The benefits it offers to your business

Short-term finance for delivery to approved pools

Short-term finance for wheat delivered to approved pools (Distribution Payment option) including AWB Basis Pool, and barley delivered to the ABB Extended Pool

Access up to 90% of estimated pool return (EPR)

Rabobank Harvest Advantage allows you to access up to 90% of the estimated pool return, GST exclusive, less estimated costs and estimated interest expense

Choice of pools for grain delivery

Reduced paperwork for multiple pool deliveries

Repayments from pool distributions

Periodic pool distributions repay the loan

No assignment fees

Minimise your costs

Access via Rabobank internet banking

Drawdown funds and view up-to-date details of your account

Select proportion of harvest to fund

Flexibility in selecting the proportion of your estimated pool return to finance. Minimum of $50,000 to a maximum of 90% of the GST exclusive value, less estimated costs and estimated interest expense

Draw downs

Flexibility in the timing

Loan limit adjusted as grain is delivered to pools

Advances for all major grades of wheat and barley delivered to the respective pools

Competitive interest rates

Variable rates over the term of the loan

Harvest Advantage is issued by Rabobank Australia Limited ABN 50 001 621 129 AFSL 234 700
Interested? Your next step
 
 

The Harvest Advantage facility is based on the value of up to 90 per cent of your EPR, GST exclusive, adjusted for quality premiums/discounts, and less estimated interest and all direct costs such as freight, levies and tolls.

 

The minimum loan for the total facility is $50,000. To assess your facility limit we consider your grain delivery information.

 

Example

You deliver 1,000 tonnes of APW wheat to an approved Pool with an EPR of $225 per tonne, GST exclusive. Your total EPR equals:

$225,000

This amount is adjusted for quality premiums/discounts - let's assume you receive a premium of $5 per tonne, representing a total premium of $5,000:

+ $5,000
$230,000

Your maximum gross Harvest Advantage is 90% of the EPR adjusted for the premium:

x 90%
$207,000

Less:

Freight and handling/storage costs of $30/tonne

Levies of $2/tonne

Documentation fee

Estimated interest of $8/tonne

- $30,000
-$2,000
-$8,000

-$500
=-$40,500

Your maximum net Harvest Advantage facility limit would therefore be (GST exclusive):
Government fees and taxes may apply to this net amount.

$166,500

You can draw against your Harvest Advantage facility at any time following the establishment of your facility limit. Each draw down, excluding the final draw down, must be for at least $10,000.

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