I’ve been talking to you about prepay in each of our last two magazines. Perhaps the most important thing to consider when you prepay is trust. Do you trust your supplier enough to honor your prices and to be there in the spring when you pick up your product? When you stop and think about it for a minute, prepaying can be a little scary. You give a big check to someone, and you have zero collateral. If that person runs off with your money, which unfortunately has happened to far too many farmers over the years, getting your product or your money back may be impossible. If you have concerns about this, here are two things I would offer you. First, you can always take product home immediately, thereby eliminating your risk. Second, I am open to talking to you about this anytime, as we are very financially stable. We have been here for 51 years now, and we plan to be around for a long, long time.

Why Prepay Textual header with logo

  1. GET LOWER PRICING ON CROP INPUTS
  2. LOCK IN SUPPLY
  3. POTENTIAL TAX BENEFITS (talk to your tax advisor)
  4. RECEIVE PRICE PROTECTION ON MOST ITEMS BETWEEN SEPTEMBER AND JUNE (10 months of each season)
  5. FREE YOUR SCHEDULE TO WORK ON OTHER THINGS

PREPAYING WITH HEFTY’S

  • Our prices go up approximately 1% per month on seed and crop protection products, plus any additional price increases  that may occur in-season. Early programs often run out and/or manufacturers decide to raise their prices in-season, so it is common to save an additional 2% to 5% in total PLUS 1% per month by prepaying.

  • If you need to switch products, we will do that for you at prepay pricing (based on the month you paid) up to the amount you prepaid. For example, if you return $5000 worth of a product you prepaid, you now have $5000 worth of credit at prepay pricing for other items. If you want $8000 worth of something else, the first $5000 is at the prepay price, and the remainder is at the current price.

  • If you prepay and the manufacturer or seed company lowers the price on almost any item, not only do you get the lower price, you get the lower price plus interest. For example, if the price goes down in April and you prepaid in December, you get the new April price less 4% since you prepaid four months earlier.

  • Every year, the best hybrids and varieties and a few crop protection products sell out. By prepaying early, you are often able to lock in exactly the products you want, which should help your yields and profitability.

  • If you have unused prepay money, we will return that to you anytime you request it.

  • If you need a refund or need to carry some prepay money into next season, we will give you an extra discount if you have had more than $4000 here for at least three months.

Hefty Seed Warehouse Employee loading up bulk chemical products

At Hefty’s, we are trying to make the prepay process as easy and as profitable for you as possible. We want your business, whether it is early or in-season, and we want to make sure that by putting your trust in us with prepay, you get the best possible offer we can give. Many of our customers save thousands of dollars each year by prepaying, along with the tax benefits that often go along with it. Plus, they get the product they want and price protection on most items.

We encourage you to consider prepaying with us each year!

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Our next prepay date ends January 5th, as we hold our December prices until then, just in case you need to prepay right after the 1st for tax reasons. If you need your expense in 2020, please be sure we receive your check prior to December 31st. Also, if you feel more comfortable wiring your money to us so you don’t have a big check in the mail, money wires are easy and safe. We use them every day, so that is certainly an option for you.