Like any other financial market, the farm commodities market can be volatile, resulting in unstable prices for grain and other agricultural products. Our swap for buyers allows you to lock in a portion of the price1 you pay for farm inputs, reducing the impact on your cash flow. Contact your Account Manager
Decide on the transaction amount and time period.
Negotiate a fixed price (swap price) with National Bank.2
Purchase your physical farm inputs from the supplier of your choice (merchant, distributor or producer) at the price available at the time of sale.3
At the end of the term, settle up any difference between the market price and the swap price.
National Bank will pay you the difference between the swap price and the market price for the value of the contract.
You will pay National Bank the difference between the swap price and the market price for the quantity negotiated for the swap.