Norco prepayment scheme to give farmers flexibility in uncertain conditions - The Northern Daily Leader

AS TAX time approaches a new prepayment scheme is hoped to give farmers flexibility at the end of the financial year. Australian farmer-owned cooperative Norco has released a scheme that allows customers across northern NSW and south-east Queensland to lodge prepayments of more than $10,000 before June 30 and receive a 4.2 per cent per annum reward in return. The prepayment scheme offers greater flexibility and choice for farmers, Norco Rural acting general manager Peter Harden said. "By not having to decide now what products might be required for the next 12 months given the extreme variability in conditions our industry faces every year, customers can be assured they have the freedom and flexibility to purchase products as seasonally required when the time comes," he said. "Coming out of the drought there has been a change away from fodder requirements and when the drought broke a lot of seed was purchased for people looking to resow pastures. "Since 1948, our Norco Rural stores have been providing our customers with good value, convenient and trusted business solutions, so today's announcement provides yet another way we are continuing to offer value to our customers. Read also: "It came about as a response to customers requirements with their buying patterns, with the variability in seasons we know it's difficult for them to predict what they want to buy in June." The initial prepayment and reward can be put towards any products needed in the next 12 months. Our journalists work hard to provide local, up-to-date news to the community. This is how you can continue to access our trusted content:

NEW SCHEME: Norco acting general manager Peter Harden.

AS TAX time approaches a new prepayment scheme is hoped to give farmers flexibility at the end of the financial year.

Australian farmer-owned cooperative Norco has released a scheme that allows customers across northern NSW and south-east Queensland to lodge prepayments of more than $10,000 before June 30 and receive a 4.2 per cent per annum reward in return.

The prepayment scheme offers greater flexibility and choice for farmers, Norco Rural acting general manager Peter Harden said.

"By not having to decide now what products might be required for the next 12 months given the extreme variability in conditions our industry faces every year, customers can be assured they have the freedom and flexibility to purchase products as seasonally required when the time comes," he said.

"Coming out of the drought there has been a change away from fodder requirements and when the drought broke a lot of seed was purchased for people looking to resow pastures.

"Since 1948, our Norco Rural stores have been providing our customers with good value, convenient and trusted business solutions, so today's announcement provides yet another way we are continuing to offer value to our customers.

Read also:

"It came about as a response to customers requirements with their buying patterns, with the variability in seasons we know it's difficult for them to predict what they want to buy in June."

The initial prepayment and reward can be put towards any products needed in the next 12 months.

Our journalists work hard to provide local, up-to-date news to the community. This is how you can continue to access our trusted content:

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2021-05-20 21:00:00Z
CBMif2h0dHBzOi8vd3d3Lm5vcnRoZXJuZGFpbHlsZWFkZXIuY29tLmF1L3N0b3J5LzcyNjExNTUvcHJlcGF5bWVudC1zY2hlbWUtZ2l2ZXMtZmFybWVycy1mbGV4aWJpbGl0eS1pbi11bmNlcnRhaW4tY29uZGl0aW9ucy8_Y3M9MTLSAQA

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