Agrico and Absa AgriBusiness have joined forces to give qualifying farmers a chance to invest in complete centre pivot irrigation systems, including pipelines, pump systems, sprinklers, automation, and other components, with finance available at preferential interest rates of as low as prime minus 2%.
For Agrico, this was an important part of developing the partnership. A centre pivot is far more than the machine that can be seen moving across a field. The full investment includes everything needed to deliver water efficiently to the crop.
“Agrico has spent more than 120 years serving the agriculture sector and supporting farmers with technical solutions designed for local conditions. Our goal is to help farmers make optimal use of available water and energy resources, improve crop yields, and enhance the long-term sustainability of their operations,” says Walter Andrag, managing director of Agrico.
“Through this partnership, we are making it easier for producers to invest in infrastructure that supports their farming operations over the long term.”
The repayment structure can be aligned with the farmer’s cash flow cycle, with flexible monthly or annual payments and VAT payable after three to four months.
For producers, this means the repayment of the irrigation investment can be structured with the timing of their farming income in mind.
The partnership brings together two areas of expertise: Absa’s agricultural finance experience, and Agrico’s more than 120 years of experience in irrigation.
“Agriculture remains one of the most important sectors of the economy, and investment in irrigation capacity is critical to supporting long-term food security and farming resilience,” says Loffie Brandt, sector executive for agriculture at Absa AgriBusiness.
“Through this exclusive partnership, we’re bringing together specialised agricultural finance and irrigation expertise to help farmers access the infrastructure they need to grow and strengthen their operations.”
Ultimately, the partnership is about it a little easier for farmers to invest in efficient irrigation. Agrico currently has 42 branches across Southern Africa, providing producers with access to irrigation components, technical support, and after-sales service.
For more information, contact your nearest Agrico branch today, email [email protected] to apply, call +27 21 950 4111 or +27 82 374 6938, email [email protected] or [email protected], or visit agrico.co.za.
