AWB Production Advance™ Program
Access cashflow against your forward sales with the AWB Production Advance. It's a simple program that gives you a prepayment on eligible forward sales to AWB.
Don't wait until harvest to settle your production costs. From the time you plant your crop, the AWB Production Advance can be used to cover your production and input costs.
PRODUCTION ADVANCE BENEFITS:
||An alternative to debt - access up to $100/tonne on wheat and barley, and up to $200/tonne on Canola forward sales to AWB.|
||A Simple pre-approval process.|
||Transparent fees - A published monthly fee based on commodity forward sold and there are no hidden fees.|
||Automatic recovery from prepayments following delivery at harvest. |
||Can be used on a broad range of AWB contracts. |
||Market your grain through AWB pools and get access to an advance from planting. Plus have the ability to switch your pool contract at a later date*.|
Talk to us about switching your pool contract or further details on switching your harvest pool contracts click here>
HOW THE PROGRAM WORKS
A simple process to apply and access the Production Advance program.
PRODUCTION ADVANCE FEES
For all non AWB Pool contracts, the following monthly fees apply to a production Advance entered into from 1 November 2017.
- Wheat/Barley: $0.77 per tonne per month
- Canola: $1.54 per tonne per month
Fees are published on a dollar per tonne basis and are inclusive of GST. AWB will calculate the total fees payable and deduct the fees from your payments due to you at harvest following delivery of grain or oilseeds.
For all AWB Pool contracts and for Production Advances entered into before 31 October 2017 the following fees apply to the Production Advance payment.
2017 Production Advance Fee Table
The following criteria are important in determining eligibility for the Production Advance.
All contracts must have a delivery end date prior to 30 April following harvest
You must have entered into a contract with AWB for a minimum of 100 tonnes.
The Production Advance is available until 30 November each year for Pool contracts.
The following forward contracting limits apply. For example in June your forward sales (by commodity) should represent less than 30% of your forecast production for the current season.
- Available to customers who hold a relationship with an AWB Territory Sales Manager.
- The Production Advance is available on;
| Pre Sowing
|| Feb- May
| Post Sowing
|| Jun - July
| Post Emergence
||Aug - Sep
| Harvest Period
|| Oct onwards
- The Production Advance must be used by you wholly or predominantly for the purposes of enabling you to produce the crop which is the subject of your forward sales contract.
- You must meet certain financial eligibility criteria determined by AWB.
- You must hold or will purchase a crop insurance policy for the current season.
If you are unsure whether you meet the eligibility criteria please contact AWB at 1800 447 246 or your local AWB Territory Manager
To learn more about the Production Advance program or to download important documents once a Production Advance limit has been approved click on below images
|AWB Production Advance Application Form
||AWB Production Advance Request Form
||Production Advance Contract Addendum |
DISCLAIMER: This document contains information of a summary nature. It does not purport to be comprehensive or complete. Nothing on this website is intended to constitute financial, investment, tax, legal or any other form of advice, recommendation or a representation that any transaction, or otherwise is suitable or appropriate for you. Acceptance into an AWB pool program does not automatically entitle you to receive the Production Advance. If you would like further details including the terms and conditions please contact 1800 447 246 .