"Pay-to-harvest" supplies financing

In the current campaign 2010-2011, AFA SCL will keep the bonus for supplies interest rate, in function of the loyalty and the timely accomplishment of its members to the Cooperative. The loyalty is such when the producer delivers the amount of cereal to accomplish, at least, with the existing relationship between delivered cereal and financed supplies. The condition of accomplishment is considered fulfilled when the debt amount to harvest is cancelled, or the respective agreement is subscribed.

All the AFA SCL producers have the chance to access to supplies financing.

Financing rates since August 1st, 2010, were established as:

Supplies Financing Rate in US$ Dollars or Exchange: 14% annual rate. It has a 7% bonus if loyalty and timely accomplishment conditions are fulfilled.
Supplies Financing Rate in AR$ Pesos: 18% annual rate. No bonus.
Financing Rate in Current Account: 2,5% monthly rate.

The administrative council decided to apply the bonus at rate in order to reward those members that believe in the Cooperative and keep the fidelity with it. Also, this bonus is framed into an institutional politic that's oriented to productive and social development of farmer families, since it's complemented with the respective hailstone hedge; offered by the Cooperative through "La Dulce", "El Comercio", and "Allianz", and also, the high complexity medical hedge that AFA SCL managed to get for its associated members through "Solidez S.A."