PGG Wrightson Finance Limited

PGG Wrightson Finance, a fully owned subsidiary of PGG Wrightson Limited (Refer Note A), was formed in March 2006, following the merger of Wrightson Finance and PGG Finance.

PGG Wrightson is a New Zealand nationwide, full service provider to the agricultural sector. It has leading positions in Livestock, Wool, Rural Supplies, Grain and Seeds, Real Estate and Insurance.

As a specialist rural finance company operating in this context, we have the ability to add value for our clients in a number of ways – from market knowledge, from an across-the-board understanding of client needs, from local knowledge and perspective and from our ability to move quickly in providing solutions. The result is a distinct competitive edge in providing financial services to the rural sector.

Rural Finance Specialists
Through a long association with agriculture, PGG Wrightson Finance has developed a comprehensive range of specialised farm financial services.

Seasonal Finance/Overdrafts
Full cheque book facilities with interest paid or charged monthly on daily balances. No service/commitment fees.

Livestock Trading Accounts
A loan scheme for the purchase of trading stock allowing payment to be deferred until resale.

Wool and Crop Advances
Advances against wool in store, crops contracted to the company or crops harvested and tested.

Machinery Finance
Hire Purchase type 2-3yr loans for the purchase of plant and machinery.

Investments and Deposits - (Refer Note B)
Term deposits from 1 month to 3 years, at competitive rates.

Term Loans - (Refer Note B)
Term finance at competitive rates for the purchase of property, capital livestock, major development, plant etc.

Seasonal Finance/Overdrafts

Working capital facility with cheque book to meet the needs of agribusiness people.

Features of Banking* with PGG Wrightson Rural Finance

* Note:  PGG Wrightson is not a registered Bank

• No service commitment fees, overdraft or facility fees.
• Personalised on farm service by local staff.
• Professional experienced staff who understand the business of farming.
• Flexible terms personalised to the borrowers needs.
• Competitive interest rates.
• Large range of services including: 
  • Eftpos Card
  • Electronic Transaction Facilities
  • Direct Debit
  • Direct Credit
  • Telephone Access
  • Automatic Payments
  • Internet Banking
• Monthly statement narrates all transactions.

Purchases and sales through PGG Wrightson Ltd such as fertiliser, livestock, fuel, merchandise, insurance, grain and seed, etc, are transferred directly to the seasonal account.

Interest

• Interest paid on credit funds - (Refer Note C)
• Calculated on the daily balance of the account, and debited/or credited on the last day of the month.

Loan Criteria

• Any farming, or farming related business is eligible to apply for seasonal funding.
• There is no minimum or maximum loan amounts.
• Normal lending criteria apply.

Security

Seasonal finance will in most cases require some form of security and usually include:

• Security over livestock, plant or crops.

Advances

Wool, Crop and Machinery Advances

• Advances against wool in store, crops contracted to the company or already harvested.
• Loans for the establishment, maintenance and harvest of crop. Hire purchase type 2-3 year loans for the purchase of plant and machinery.

Wool and Crop advances

• Advances made against crops, harvested or to provide funding for the establishment, maintenance, harvest and storage of crop.
• Advances made for wool held in store pending sale.
• Advances of up to 80% of the value of the product (wool or grain) can be made.

Machinery and Plant Loans

• Hire purchase type 2-3 year reducing loans for the purchase of farm plant and machinery.
• A mininium 30% deposit is required. 
• Secondhand or older plant, a maximum 2 year repayment. 

To find out more, contact one of our branches by clicking on contacts below.

Loan Criteria

• Any farming, or farming related business is eligible to apply for crop, wool or machinery finance.
• There are no minimum or maximum loan amounts.
• Normal lending criteria applies.

Security

Seasonal finance will in most cases require some form of security and commonly include:

• Security over the item purchased. 
• In some circumstances security over additional plant or other assets may be required

Term Loans

Term finance at competitive rates and flexible terms for all farm capital requirements.

Available for

• Land purchase.
• Significant farm development including fencing, fertiliser and pasture, capital livestock and stud stock purchases.
• Irrigation development.
• Plant and machinery purchases.
• Refinance of existing or family debt.
• Agricultural diversification.

Features

• Competitive rates.
• Terms of 3 to 5 years.
• Interest only (Flat) or reducing loans available.
• Interest debited to a current account monthly. 
• Flexible terms. 
• No service fees - but an application fee may be charged. 
• Normal lending criteria apply, and adequate securities are necessary. 
• Quick and easy to arrange and set up. 
• Principal repayments can be designed to meet individual cashflow requirements.

Loan Criteria

• Any farming, or farming related business is eligible to apply for Term Loans.
• There are no minimum or maximum loan amounts.
• Normal lending criteria apply including personal, viability and security factors.

Security

Security is required in most cases and will constitute one of more of the following:

• Mortgage over land and buildings.
• Security over livestock and plant.
• Security over crops. 
• Personal guarantees.

Livestock Trading

Livestock Trading Scheme

Finance for the purchase of trading stock enabling payment to be deferred until resale.

Features

• No establishment or service fees.
• Competitive interest rates.
• Quick and easy to set up.
• Flexible terms.
• Other direct costs such as cartage and animal health can be added to the loan.
• Separate, informative statements.
• Concessional interest rates where livestock is traded through PGG Wrightson Ltd.
• Experienced local Rural Finance staff who are able to give prompt approval.

Here's How It Works

PGG Wrightson Ltd sets up a separate Livestock Trading Account (LTS Account) and advances funds or arranges the purchase (see below). Interest is debited each month and when the stock are sold, the loan is repaid and the surplus paid out.

PGG Wrightson Livestock Procurement

You may choose to use the expertise and experience of our livestock representatives to provide procurement and marketing services.

Interest Rates

Competitive rates offered for livestock traded through PGG Wrightson Ltd.

Contact your local PGG Wrightson Finance branch.

Loan Criteria

• Any farming, or farming related business is eligible to apply for Livestock Trading Loans. 
• There are no minimum or maximum loan amounts. 
• Normal lending criteria applies.

Security

Trading Scheme finance will in most cases require some form of security and these commonly include:

• Security over the livestock being traded.
• A waiver from any existing security holder.
• In some circumstances additional security over exisiting livestock or a mortgage over land and buildings may be required. 
• Use of existing Company security.

General Enquiries

Branches: PGG Wrightson Finance Ltd

SOUTH ISLAND Ashburton/Mid Canterbury (03) 307 8700 (03) 307 8703 Blenhiem/Marlborough (03) 579 3723 Christchurch/Canterbury West (03) 341 4305 South Canterbury (03) 687 7348 (03) 687 7349 North Otago (03) 433 1346 (03) 433 1343 Dunedin/Otago (03) 470 0342 (03) 470 0341 Central Otago (03) 440 2383 Gore (03) 203 9393 Southland (03) 211 3132 (03) 211 3170

NORTH ISLAND Northland (09) 986 0732 Waikato (07) 858 5331 Bay of Plenty (07) 573 0249 King Country/Taranaki (06) 759 9058 East Coast (06) 863 1682 Hawkes Bay (06) 878 3156 (06) 873 7700 Wairarapa (06) 370 1860 Manawatu/Wanganui (06) 323 0072 (06) 323 0063

Note A: Neither PGG Wrightson nor its directors guarantee the securities issued by PGG Wrightson Finance Limited.

Note B: Secured Debenture Investments are secured by a first ranking charge (subject to prior permitted charges and claims given priority by legislation) over all assets of PGG Wrightson Finance Limited. Any secured debenture stock invested on the basis that interest will be paid out at the end of each month, will require a minimum investment of $20,000 and a 12 month minimum term.

Note C: Credit balances in respect of seasonal loans and rural saver accounts constitute unsecured deposits and rank equally with all other unsecured creditors of PGG Wrightson Finance Limited and behind secured debenture investments and any other charges or claims given priority by legislation.