CropFundFlyer - Flipbook - Page 1
Openfield Crop Fund
Openfield has developed our unique Crop Fund for our
members to maximise their grain marketing potential and
provide a useful facility to help manage a farm’s cash flow.
The Crop Fund enables members to manage their cash flow and vary
payments to meet their specific business needs.
Crop Fund: Key Benefits
• Release cash in advance of future Crop
sales by committing your grain marketing
to Openfield.
• It’s flexible and easy to access.
• Available funds are based on your entire
grain commitment to Openfield.
• It defines our estimate of value of your
commitment and is a cash flow forecast.
• You can separate marketing strategy from
cash requirements.
• Use it to arrange for seed and fertiliser
purchases from us.
• It simplifies your year-end process for your
farm accountant.
Payment Dates
• Advanced payments are made on
the 7th,14th ,21st and final day of
each month.
• A regular Payment option is
available to those that have made
a Pool Commitment.
• Regular payments can be made
each month for up to 11 months or
for a selected period.
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Advance Payments:
Key Information
• June is your first opportunity to set up an
Advanced Payment, starting from 1 August
on the following basis:
• 50%: 1 August - subject to
Contract/Commitment Form
• 65%: 1 October - following sampling and
Final Tonnage Form
• 80%: Following processing of Central Store
intake or collection of grain from farm.
• Note Advanced Payments after 1 October
can only be made if we hold an up to date
Final Tonnage Form
• The Fund is provided to enable members to
vary payments from those defined as
Standard Payments.
• The value available is our latest estimate of
the value of your commitment.
• Charges are transparent and calculated by
using a simple percentage over base rate
which includes all arrangement
fees, interest, non-utilisation
charges, etc
T: 01476 862730 info@openfield.co.uk www.openfield.co.uk
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@OpenfieldTM
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@OpenfieldTM
