As of April 1st, 2023, the interest rate for new Feeder Finance contracts is 9.75%; 0% financing remains available for qualified applicants on Creep, Mineral, Tubs, and ArrivalMax®.
What this change means:
- New Feeder Finance contract applications completed prior to April 1st, 2023 may continue to use the prior rate of 9.25%.
- New Feeder Finance contract applications completed on or after April 1st, 2023 must use the Feeder Finance interest rate effective on the date that the applicant signs the new Feeder Finance contract application.
- The interest rate will not change during the life of the Feeder Finance contract.
The new rate is composed by the U.S. Federal Reserve’s Prime Rate + 175 basis points.
For questions or more information, please contact Horacio Lee, Credit Analyst at 563.264.4537 or [email protected].