RESEARCH TRIANGLE PARK, NC, November 10, 2022 – As the agriculture community grapples with uncertainty ahead of the 2023 growing season, BASF is extending what some would call a lifeline in the midst of an unsettled economy.
For the second year in a row, BASF is offering direct access to a zero percent financing program to partner with established and new growers as they explore simple purchasing options.
““It’s been decades since we’ve observed interest rate increases at the rate set over the past year, looking ahead, many of us will need to adjust to higher rates but also the prospect of more rate variability and changes from year to year,” said Economist David Widmar, noting the implication in a recent article on the subject in Agriculture Economic Insights.
“Even before the pandemic and most recent economic challenges, BASF and its retail partners have focused on the needs of farmers doing the Biggest Job on Earth,” said Scott Kay VP, US Agriculture Solutions, BASF. “That means not only are we committed to providing best-in-industry product solutions for their fields, but we are helping support the financial health of their growing businesses for today’s world and generations to come.”
Levi and Jena Ochsner and family have been raising cows and crops in small town Nebraska since 1885. The Ochsner’s have touted the program as a key ingredient to the financial success of Double O Farms.
“BASF’s program helps us acquire all of the herbicides and fungicides we’ll need for the growing season ahead; saving us both time and money by not having to carry the burden of rising interest rates from a bank,” said Levi Oshsner.
“With a growing family, growing financial responsibilities and executing the Biggest Job on Earth, savings offered through this low-cost program helps keep our farm and our future profitable for generations to come,” echoed Jena Oschner.
You can find out how to take advantage of a fixed 0% rate today by visiting your local retailer or by going online here today: https://agriculture.basf.us/crop-protection/programs/BASF-financing.html
About BASF’s Agricultural Solutions division
Farming is fundamental to provide enough healthy and affordable food for a rapidly growing population while reducing environmental impacts. Working with partners and agricultural experts and by integrating sustainability criteria into all business decisions, we help farmers to create a positive impact on sustainable agriculture. That’s why we invest in a strong R&D pipeline, connecting innovative thinking with practical action in the field. Our portfolio comprises seeds and specifically selected plant traits, chemical and biological crop protection, solutions for soil management, plant health, pest control and digital farming. With expert teams in the lab, field, office and in production, we strive to find the right balance for success – for farmers, agriculture and future generations. In 2021, our division generated sales of €8.2 billion. For more information, please visit www.agriculture.basf.com or any of our social media channels.
About BASF
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 16,700 employees in North America and had sales of $25.9 billion in 2021. For more information about BASF’s North American operations, visit www.basf.com/us.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €78.6 billion in 2021. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.
