Des Moines. Iowa
November 10, 1999Pioneer Hi-Bred International, Inc., has announced a
special credit options program for qualified customers in 2000 that provides a wide range
of benefits and choices. One option is the TruChoice(SM) Program, which offers customers
the opportunity to finance their seed purchases and selected corn herbicide options at
three percent below the prime interest rate.
Pioneer is again offering an Early Pay Savings program that reduces seed purchase costs
for growers. In addition, the company has announced that over 90 percent of Pioneer®
brand corn hybrids carry prices that are unchanged or lower, compared to last year, and
all Pioneer brand soybeans with the Roundup Ready(1) gene will be unchanged for 2000.
"These financing packages are part of choices and options Pioneer will offer this
year to meet every grower's needs and markets,'' says Bob Wichmann, vice president for
North American Seed Sales, Pioneer Hi-Bred. "These include high-yielding, genetically
enhanced and non-genetically enhanced (conventional) products; products for specialty
markets, including white, waxy, hard endosperm, high oil and silage; and hybrids for the
nutritional demands of livestock, dairy and poultry feeders.''
For 2000 seed purchases, Pioneer will offer deferred payment credit at 2.5 percent below
the prime interest rate for customers who increase the retail value of their Pioneer
purchases by ten percent or more over 1999 or who plant 90 percent of their corn and
soybeans to Pioneer hybrids and varieties.
Pioneer customers who choose the TruChoice Program can expand the credit offering to three
percent below prime in 2000 by using DuPont-approved corn herbicides on 75 percent of
their corn acres. To qualify, growers select from such corn herbicides as Accent Gold(2),
Basis Gold(2), Accent(2), LeadOff(2) and Dual(3). The TruChoice Program is not available
in areas of the
southeastern U.S.
In addition, the company is offering a seven percent Early Pay Savings discount for
purchases made by January 8, 2000, a five percent discount for purchases made by February
12 and a two percent discount by April 30. Producers can earn additional savings through
the Pioneer's Quantity Savings program, based on total dollars spent on Pioneer products.
For more details on these programs, growers should contact their local Pioneer Hi-Bred
seed
supplier.
Pioneer Hi-Bred International, Inc., a DuPont business, is the world's leading developer
and supplier of advanced plant genetics to farmers worldwide. With headquarters in Des
Moines, Iowa, Pioneer develops, produces and markets a full line of top-quality seeds,
forage and grain additives and provides services to customers in nearly 100 countries.
DuPont is a science company, delivering science-based solutions that make a difference in
people's lives in food and nutrition; health care; apparel; home and construction;
electronics; and transportation.
(R)(TM), (SM) Trademarks and service marks, registered or applied for, of Pioneer
Hi-Bred
International, Inc.
(1) Registered trademark of Monsanto Company.
(2) Registered trademark of DuPont.
(3) Registered trademark of Novartis.
Company news release
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