Deferred Payment Loan Now Available for Silage Inoculants

Pioneer offers more payment options for forage additives

DES MOINES, Iowa, May 29, 2009 - Customers of Pioneer Hi-Bred, a DuPont business, now can buy silage inoculants using the Pioneer Deferred Payment Loan program. This program will provide payment options specifically designed for dairy and livestock producers as they face economic challenges.

Now more than ever, dairy and livestock producers need to maximize the nutritional value of feed to maximize milk or meat per acre. Inoculants can boost producers' bottom lines by improving the quality of their silage. Pioneer utilizes industry-leading research, as well as agronomic and nutritional experts, to provide its customers the entire range of seed genetics, crop-specific inoculants including revolutionary Corn Fiber Technology, silage know-how and local service - all dedicated to the goal of producing more nutritious feed supplies.

"It's a difficult time for the livestock producers, and price volatility is affecting everyone," says Kyle Whitaker, Pioneer marketing manager - forage additives. "This program offers a way to finance silage inoculant purchases and set up structured loan payments to better coincide with an operation's income.

"We have four inoculants for corn silage, three for alfalfa silage, three for grass and cereal silage and two more designed for high-moisture corn," Whitaker says. "This gives growers a wide range of crop-specific product options and flexibility with their inoculant decisions." The goal is to give producers choices to suit their individual preferences.

Qualified customers can purchase silage inoculants this summer and include those purchases on their existing 2009 Deferred Payment Loan. As an added benefit, the silage inoculant portion of the loan can be moved to the 2010 loan with final payment due June 30, 2010. The seed and crop protection portion of any existing 2009 Deferred Payment Loan is still due on the normal due date, Dec. 1, 2009.

"Customers can set up a payment plan to match their expected income," Whitaker says. "They must make a minimum of three payments, with the final payment due June 30, 2010. However, they can set up the payments monthly or a number of ways to meet individual financial needs." After setting up an approved payment schedule, the customer will receive an acknowledgment letter that includes coupons to make payment easier. For an even more convenient option, customers also can schedule electronic payments for their silage inoculants.

Talk to your Pioneer sales professional for details. If you don't have an existing line of credit for Pioneer® brand seed purchases, your sales professional can help you apply with PHI Financial Services, Inc., for this new credit program for silage inoculant purchases.

Pioneer Hi-Bred, a DuPont business, is the world's leading source of customized solutions for farmers, livestock producers and grain and oilseed processors. With headquarters in Des Moines, Iowa, Pioneer provides access to advanced plant genetics in nearly 70 countries.

DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.

Contact: Jerry Harrington

Pioneer Hi-Bred

800-247-6803, ext. 6908

[email protected]