Saskatchewan Wheat Pool (SWP) is pleased to announce that a strategic alliance with John Deere Credit is being expanded across the Prairies.
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Following a successful pilot at the Pool’s Alberta based AgPro market centres, AgLine® is now being offered to Alberta, Saskatchewan and Manitoba farmers who deal with the Pool and AgPro. AgLine® provides prairie farmers with credit card convenience for inputs and other farm purchases, as well as a no interest option if paid by due date.
The Pool’s Executive VP, Finance, and CFO Michael McCord says, “By expanding our alliance with this respected lender, the Pool and AgPro are able to offer added benefits to our members and customers.”
Darla Youldon, President, John Deere Credit Canada, commented: “John Deere Credit Inc. takes pride in working with the Pool to offer AgLine®, the revolving credit product, which provides customers with convenient finance options to help them manage their cash flow and operational risk.
“We have considerable experience lending to farmers and we look forward to working closely with the Pool’s members and customers to serve their day-to-day credit needs.”
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By GlobalDataSWP is Canada’s largest publicly traded agri-business co-operative headquartered in Regina, Saskatchewan. Its core business operations are grain handling, merchandising and agri-product sales. These operations are complemented by food processing and value-added businesses that allow the Pool to leverage its pivotal position between prairie farmers and destination customers in North America and around the world. SWP’s Class B shares are listed on the Toronto Stock Exchange under the symbol SWP.B.
John Deere Credit Canada, Burlington, Ontario is affiliated with John Deere Credit Worldwide, which is headquartered in Johnston, Iowa, US. John Deere Credit is one of the largest equipment finance companies in North America with more than 500,000 accounts and a managed asset portfolio of more than C$15bn (US$). It provides retail, wholesale and lease financing, offering credit financing for agricultural, construction, commercial and consumer equipment and revolving credit for agricultural inputs and services. Since 1996, John Deere Credit has expanded beyond the US and Canada. Operations have been established in Germany, Mexico, the UK, Luxembourg, France, Italy, Brazil, Argentina, and Australia, which also serves New Zealand.
