Looking to expand your store or breeding herd?

24/08/2020
Further increase in interest rate discount for members launches 1st September.
 
Leading co-operative business, ANM Group, based at Thainstone, has unveiled a further significant improvement in terms available to shareholders in the member-owned co-operative. The livestock finance scheme, or Members Stock on Agreement Scheme offer, means that members will enjoy a remarkable 1.5% exclusive discount against their standard finance rate when they remarket their stock through any of the cooperatives marketing services.
 
The discounted scheme set to launch on 1 September, is available to any member, and membership is available for a minimum investment of £500 at ANM, who recently announced that their increasing range of member benefits, including enhanced commission rates for members, had resulted in the group total share capital exceeding £7m. This hyper competitive finance scheme, allowing farmers additional flexibility to respond to market movements throughout the autumn season, is expected to add further to that growing member investment.
 
The new scheme, launching for the busy peak season, has been set out by ANM Chief Executive, Grant Rogerson, as another key step in rewarding the ANM shareholding membership for their confidence in the Group.
 
Grant Rogerson said: “Put simply, our cooperative model means that the more who join us, the more we can benefit all members in how we deliver our services.
 
“Our professionally regulated livestock finance scheme brings our members peace of mind and has been deliberately designed to give them the freedom and flexibility to operate their businesses and respond to market trends.”
 
“The last few months has been a challenging period for the whole community, but our membership has remained loyal to us, and we are determined to continue to reward our members for that loyalty. The scheme means that - for example – store cattle bought on the Members Stock on Agreement Scheme for £1,000 per head for finishing, can be financed for the cost of just under £1 per week.
 
To be eligible, applications should be submitted to ANM at least 14 days in advance of purchases. Stock must be held for at least three months, and sold through ANM, either in the ring, deadweight or online.