ProducePay is helping farmers feed the world by solving an industry-wide shortage in working capital. We make payment advances to farmers the day after they ship their produce and match buyers and sellers of fresh produce around the world.
Currently, farmers ship their fresh fruit and vegetable commodities to wholesalers / distributors who sell to retailers like supermarket chains for a… · More commission. Farmers & distributors must wait for payment by the retailer 30-45 days later. Grower expenses during harvest season are at their peak creating intense cash flow strains. In some cases, wholesalers may advance 20-40% of the produce value to farmers 8-10 days after original shipment (still a long wait). ProducePay provides payment advances of up to 80% just one day after shipment is accepted. Distributors benefit too as ProducePay removes the financing burden of providing advances to their best suppliers and increases their purchasing power previously constrained to their cash on-hand.
January 2016—ProducePay Immediate Cash Flow and Custom Matching Solutions
We provide fresh-produce farmers (growers) and distributor with cash flow solutions and match-making services to grow when you need them most. Keywords:… · More ProducePay, Produce Pay, Payments, Agriculture.