AWB Production Advance™ Program
Let your forward sales begin working for you from planting with the AWB Production Advance. Unlock early season cashflow from your forward sales contracts through a prepayment on your contract.
From June 2017, AWB is offering the Production Advance on all AWB Pool Programs, AWB VICTORY® Canola and AWB fixed and multigrade forward cash contracts for wheat, barley and canola delivered into a Grainflow storage location. The Production Advance is only available until 30 November 2017.
PRODUCTION ADVANCE BENEFITS:
||An alternative to traditional debt, it provides cashflow via a pre-payment linked to your forward grain sales.|
||Peace of mind through a simple pre-approval process. Once approved, head into spring knowing that your forward sales with AWB can give you access to cashflow.|
||Simple and transparent fee structure. |
||Hassle free with no repayments. At harvest we will deduct the pre-payment from payments due to you when you deliver to AWB.|
||Now with added flexibility on Pool contracts — AWB provides you with an ability to switch your Pool contract. Sign up to the Harvest Pool today and should you prefer the to participate in an earlier Pool program, AWB will allow you to switch your contract across. For further details on switching your harvest pool contracts click here>|
HOW THE PROGRAM WORKS
A simple process to apply and enter the Production Advance™ program.
PRODUCTION ADVANCE FEES
Fees apply and differ depending on the forward sales contract you have entered into. Fee are published on a dollar per tonne basis and are inclusive of GST.
Click on the schedule of fees below to view the fees applicable to the 2017 program.
2017 Production Advance Fee Table
You must have entered into a contract with AWB for a minimum of 100 tonnes.
Forward contracting limits apply. For example in June your forward sales (by commodity) should represent less than 30% of your forecast production for the 2017/18 season. Forwards contracting limits change at different times of the year.
- The Production Advance is available on;
| Pre Sowing
|| Feb- May
| Post Emergence
|| Jun - July
| Mid Season
||Aug - Sep
| Pre harvest/ harvest
|| Oct - Nov
- The Production Advance is to 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 .