A NEW, low cost, fixed-rate finance package for fertiliser has been launched by Dalgety.

The scheme allows farmers taking early delivery to pay interest at the bank base rate, which currently stands at 4.5%.

“There‘s no complication, no confusion and no catch,” said Gary White, national fertiliser products manager for the Masstock Arable division.

“A farmer taking delivery in August can repay by one single payment in February next year at a cost equivalent to 4.5% APR.”

On a £10,000 purchase that would equate to a charge of £225 over those six months.

The scheme applies to most Kemira GrowHow fertilisers, though not PK products.

There are no arrangement fees, and the minimum balance that can be funded is £2750.