FNB Pre-plant Account

An FNB Pre-plant contract provides seasonal finance for production inputs where production risk is covered by insurance and price risk is hedged on the JSE (South African Futures Exchange). What makes this solution even more exceptional is that force majeure, which provides protection in the event of natural disasters, is applicable. Contracts are available for the production of JSE-listed agricultural products.

Benefits

• This is an end-to-end solution that includes a finance product, multi-peril and force majeure insurance, and a marketing contract that includes various pricing options
• It reduces your risk profile, as farmers who used the pre-plant contract realised higher prices than the average SAFEX price for their grain during the past 10 years
• You get access to the support of agriculture specialists within FNB and RMB to make sure that your pre-plant contract is utilised optimally

What do I need in order to apply?

• Visit your nearest FNB branch
• You need to provide GPS maps of the lands per farm to be cultivated, as they will be assessed and approved by the insurer for a long term yield and guarantee

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