Flexible working
capital solutions
Oxbury
A more flexible approach to farm finances with Oxbury Bank and Openfield.
Openfield is pleased to be working in partnership with Oxbury Bank. Oxbury Bank is a new agricultural bank offering financial services specifically designed for British farmers. The bank’s core product is Oxbury Farm Credit, which provides farmers with a flexible, convenient and financially competitive alternative to a bank overdraft or trade finance.
Oxbury Brochure Video demonstrating Oxbury Farm Credit
Oxbury Bank
Oxbury Farm Credit
A new way to finance farm purchases.
Oxbury Farm Credit provides a revolving finance account that can flex in line with members’ seasonal cashflow requirements. Increasing working capital demands in agriculture make this a very useful additional line of credit.
This is a solution to the cash flow problem faced by many members having to fund inputs (seed, crop protection, fertiliser, feed, diesel) months before receiving income from the sale of their outputs (for example grain and pulses).
Oxbury Farm Loans
Specialising in providing funds for diversification, productivity, land purchases, consolidation and climate projects.
- 6 months to 25 years
- Fixed rate and variable rate
- Interest only and capital & interest
- Cashflow related payments.
Savings accounts
Targeted at farmers and those who love the British countryside and want to support British farming. Combining competitive savings rates with easy access to funds.
- Instant access accounts
- Notice accounts
- Bonds.
Why is Openfield working with Oxbury?
As Britain’s only national grain marketing and arable inputs co-operative, Openfield understands our members need access to flexible working capital solutions which may include Oxbury Farm Credit. In addition to accessing our own Crop Fund, this product offers our members another option to enable them to buy farm inputs and finance their payments at the optimum time that suits them.
Benefits of using Oxbury at a glance
- Alternative to overdraft and supplier/trade credit
- Oxbury’s flexibility allows farmers to buy inputs when they choose and pay for them to suit their own cashflow requirements
- Quicker credit decisions than traditional banks enabling farmers to act swiftly when opportunities arise
- Relationship based banking – speak to people who understand your business and the industry
- Competitive pricing, Oxbury provides additional working capital at a competitive interest rate
- Flexible security requirements. Oxbury’s credit approval team understands the underlying financial strength of agricultural land and buildings
- Streamline payments and enhance record keeping. Oxbury’s digital tools improve the administration of invoices and payments in the farm office.
Want to know more?
Talk to your Openfield Farm Business Manager to see how Oxbury Bank could support your business. Or you can email accounts@openfield.co.uk with your details and requesting information about using Oxbury Farm Credit to facilitate your Openfield input purchases and we will get in touch. You can also contact our customer accounts team directly on 01476 862 759.
