Channel Financing

How to lock in your best 19% discount

^{*The following terms and definitions are applicable to the programs above: Order is defined as product ordered with a Channel® SeedPro. | Acres is defined as net sales units multiplied by}

^{the Channel® acre conversion: 1 unit corn = 2.5 acres, 1 unit of soybeans = 1 acre and 1 unit of sorghum = 10 acres. | 100% Channel® Customer is defined as a customer who plants exclusively Channel® branded corn and soybeans and other authorized corn and soybean products on all of their acres. | Net Sales Units are defined as retail units that do not include returns, replants, transfers, recalled, and/or free seed. | Market year is defined as 9/1 - 8/31. | Cash is defined as a check, e-pay or credit card. | Current Customer is defined as a customer who has Channel® and/or Regional Brand net sales in the past two years. | New Customer is defined as a customer who has no Channel® or Regional Brand net sales in the past two years.}

^{CHANNEL® CLUB:
Channel® reserves the right to audit customers who identify as 100% Channel® customers.}

^{1ST DOWN:
To receive the 1st Down discount, payments mailed to Lockbox must be received by the published deadline. E-pay and credit card payments must be processed before 3:59 p.m. CST on the day of the published deadline. Please allow 3-5 business days for your transaction to process. 1st Down is a cash only program. Financing through John Deere Financial, Rabo AgriFinance, and Harvest Plan do not qualify.}

^{PREPAY:
Any payment received will first be applied to the prior season’s outstanding balance before 1st Down and/or Prepay discounts are calculated and applied for the current season.}

^{To receive a Prepay Discount, payments mailed to Lockbox must be received by the published deadline. All other methods of payment must be processed before 3:59 p.m. CST on the day of the published deadline.Please allow 3-5 business days for your transaction to process. Combine Channel® Club, 1st Down, and Prepay for the best possible discount. If the customer’s net sales acres fall below 85% of prior year net sales acres, then the Prepay discount lock percentage will default back to the 7% base discount. The customer’s previous discount is no longer applicable. Customer can break the order and payment into multiple pay periods; however, the program will not lock a discount until the cumulative sum hits 85% of prior year acres on order and paid in full less discounts. If a customer uses a mix of payment methods to reach the discount lock, the discount will default to the lowest discount percentage for the Prepay program. A customer can participate in Cash, financing through John Deere Financial, Rabo AgriFinance, and Harvest Plan programs, but not on the same unit of seed/dollar. However, a customer can participate in both 1st Down and Early Cash on the same unit of seed/dollar.}

^{GENERAL:
Qualifying products include Channel® brand corn, Channel® brand soybeans and other authorized corn and soybean products net sales units, which are calculated after returns, replants, transfers, recalled, and/or free seed. Sorghum units count towards net sales acres to qualify growers for the Channel® Club and Prepay programs; however, the discounts for Channel® Club, 1st Down, and Prepay do not apply to Sorghum units. Prior to delivery of orders, customers must have a sufficient credit line with Channel® or have pre-payment in full. Total of all discounts cannot exceed net sales.}