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LANDMARK | 4 December 2008

AWB passes on full rate cut for Harvest Finance customers

AWB today announced it would immediately pass on the full 100 basis point reduction in official interest rates to its Harvest Finance customers.

AWB Head of Harvest Finance Cameron Whitehead said, "Passing on the full reduction in interest rates would save the average WA wheat producer $250 per month in interest costs, based on a $300,000 harvest loan.

"With many of our Pool customers coming off two years of drought, they are looking to maximise their cashflow this harvest."

See also

Harvest Finance advanced payment, loan and deferred payment options

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