Grain Growers Advance - My industry
Grain Growers Advance
Cash flow financing
ANZ's Grain Growers Advance provides wheat and barley growers with cash flow financing, within funding limits calculated from the estimated value of the grain delivered.
Benefits at a glance
- Improved cash flow
- Up to 90% of the EPR/ESR value (less costs as calculated by ANZ for both wheat and barley).
Suitable for
Think about our Grain Growers Advance if you want to improve your business cash flow by leveraging future grain deliveries.
How to apply
Contact a local ANZ Agribusiness Manager
Visit your nearest ANZ branch
Product information
Loan amount
Minimum $20,000 to a maximum of $10,000,000.
Loan term
Minimum three months to a maximum of 18 months.
Interest
Variable interest rate calculated daily. Interest is charged quarterly.
Fees and charges
- No fees charged by ANZ.
- Lodgement fees: only the standard Grain Board lodgement fee applies which ANZ lodges on behalf of the customer.
- Government charges such as stamp duty (where applicable).
Repayments
- Principal and interest based on quarterly repayments from the AWB/ABB (South Australia only).
- ANZ is assigned the rights to the national pool payments from the AWB/ABB.
- The distribution pool payments are used to directly repay the loan.
Loan advance on EPR
- Advances based on 90% of the EPR/ESR value less costs as calculated by ANZ for both wheat and barley.
- Option of choosing below 90% of the EPR/ESR to reflect 80%, 70%, 60%, 50% or less of the EPR/ESR less costs as calculated by ANZ.
Eligible grain grades
- Wheat: all grades except Feed Grade and General Purpose.
- Barley: all grades.
Security required
Choice of two options (subject to approval by ANZ):
- irrevocable order assigning grain distribution payments to ANZ; or
- irrevocable order plus standard first registered standard mortgage over farm - for higher EPR/ESR borrowing.
Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you.
ANZ recommends you read the Product Disclosure Statement and the Financial Services Guide (PDF 208kB) before acquiring the product.
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