| ||Media Release: AWB passes on full rate cut for Harvest Finance|| ||
AWB today announced it would immediately pass on the full 100 basis point reduction in official interest rates to its Harvest Finance customers.
AWB Harvest Finance provides growers with an industry-leading range of payment options matched to the company’s highly regarded Eastern and Western Wheat Pools.
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.
“AWB is pleased to be able to pass on the full benefit of the reduction in official interest rates to our Pool customers, many of whom are coming off two years of drought and are looking to maximise their cashflow this harvest,” Mr Whitehead said.
Grower inquiries: contact your local AWB Grain Marketer, or AWB’s Grower Service Centre on 1800 054 433
Media Inquiries: Paul Ryan on 08 9318 8290 or 0429 856 883