Growers Edge, Compeer Financial, and Evergreen Bank Group Partner to Deliver Rapid Input Financing Offering
Growers Edge, a technology firm that provides modern financial products and data-driven tools for agricultural retailers, manufacturers and lenders, today announced a new partnership with Evergreen Bank Group and Compeer Financial.
Faced with low profit margins and high interest rates, agricultural retailers and manufacturers have embraced in-house input financing programs to increase wallet share and better serve their grower customers. In-house input financing helps retailers and manufacturers retain sales opportunities and valuable data, unlike other lines of credit (like local operating loans), which can be used elsewhere.
Together, Compeer Financial, Evergreen Bank Group and Growers Edge provide funding liquidity and a partner branded SaaS platform that simplifies the application, credit decisioning, and loan management process. By empowering agricultural retailers and manufacturers to provide growers with instant financing decisions at competitive rates, the partnership helps growers manage risk and defer payment on new, innovative crop inputs.
'Given the current state of the ag economy, input financing is a powerful sales tool,' said Andy Flores, Business Development Director at Growers Edge. 'Our customer agronomists report that financing conversations are often initiated by growers. They're willing to try new inputs, but they need their retailer partners to help mitigate the risk.'
Aligned in their missions of supporting rural communities, Compeer Financial, Evergreen Bank Group and Growers Edge will also partner in the development of other financial products and new digital tools that help growers maximize output, achieve peace of mind and secure their economic futures.
'This partnership brings financing options to farmers when and where they need it,' said Kelly Miller, Director of AgTech at Compeer Financial. 'Growers Edge and Evergreen Bank Group understand the importance of making it easier for clients to do business in their local communities and Compeer Financial is proud to provide a cutting-edge option to do just that.'
The landmark partnership follows a series of major achievements for Growers Edge. In addition to serving four of the top ten largest retailers in the country with the Crop Plan Warranty, Growers Edge has partnered with organizations like Nutrien, PepsiCo, Mondelez and Helena Agri-Enterprises to boost sustainable agriculture practices.
In 2024, Growers Edge acquired AQUAOSO Technologies, which offers its services under the Agcor brand and provides mapping, data, and analytics software for agricultural lenders, and expanded its farmland valuation tool to cover more than 144 million acres of land across nine states. Earlier this year, Growers Edge announced it protected over 1 million acres of American farmland from downside risk through its crop plan warranty program.
To request an input financing platform demo from Growers Edge and request a term sheet, go demo at Growers Edge.
About Growers Edge
Growers Edge provides modern financial products and data-driven tools that help forward-thinking agriculture retailers, manufacturers, and lenders reduce their growers' risks and costs when adopting newer innovative solutions and practices. The company's crop plan warranties and input financing solutions are trusted by dozens of retailers and manufacturers to assist hundreds of growers affordably purchase their products and guarantee yields on over one million acres of cropland.
About Compeer Financial
Compeer Financial is a member-owned Farm Credit cooperative serving and supporting agriculture and rural communities. The $33.1 billion organization provides loans, leases, risk management and other financial services throughout 144 counties in Illinois, Minnesota and Wisconsin. Based in the Upper Midwest, Compeer Financial exists to champion the hopes and dreams of rural America, while providing personalized service and expertise to clients and the agriculture industry.
About Evergreen Bank Group
Founded in 2007 and headquartered in Oak Brook, IL, Evergreen Bank Group is a leading tech-savvy community bank serving the greater Chicago area and beyond. In addition to its retail and commercial banking services, Evergreen is a national leader in niche lending markets, including collector car, powersports, and manufactured housing loans. With a focus on delivering exceptional customer experiences through innovative digital platforms, Evergreen is redefining community banking for the modern era.
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