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Aerial view of patchwork cultivated fields meeting a river port at golden hour, barges lined along the dock with grain elevators in the middle distance

Agricultural Export Finance

From Field to
Foreign Account.

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The Process

Five stages. One unbroken
chain of capital.

Every export transaction follows the same anatomy. We've opened the filing cabinet so you can see exactly where your money is, and why, at every stage.

Crop Assessment01

Collateral begins in the field

Our agronomists review crop inspection reports, warehouse receipts, and export licences. Typical assessment window: 3–5 working days. We lend against physical commodity, not projected futures.

Fund Flow

CooperativeWarehouse ReceiptHarvest Facility

Advance rate: 70–80% of FOB value against certified warehouse receipt. Commodity must be insured under an approved marine cargo policy.

Facility Structuring02

The term sheet is the contract in plain language

We issue a Pre-Export Finance (PEF) facility. Typical tenors run 90–180 days aligned to the shipping and collection cycle. Pricing is SOFR + 4.25–6.50% depending on commodity, jurisdiction, and offtake quality.

Sample Term Sheet

INDICATIVE TERM SHEET — CONFIDENTIAL
BorrowerCooperativa Grãos do Cerrado Ltda REDACTED
Facility TypePre-Export Finance (PEF) — Revolving
CommoditySoybean (Glycine max), Non-GMO, Grade 2
Facility AmountUSD REDACTED
Tenor150 days from first drawdown
PricingSOFR + 5.10% p.a., payable at maturity
SecurityAssignment of LC proceeds; warehouse receipt pledge
OfftakeREDACTED — Confirmed buyer, investment grade
Governing LawEnglish Law; LCIA Arbitration
Documentary Credit03

The letter of credit is the payment engine

Once a confirmed buyer is in place, we assist in structuring the documentary letter of credit (LC). The LC is issued by the buyer's bank, confirmed by our correspondent bank, and assigned to Harvest as security.

SWIFT MT700 — Simplified

SWIFT MT700 — ISSUE OF A DOCUMENTARY CREDIT (Annotated)
:27A:Sequence of Total1/1
:40A:Form of Doc. CreditIRREVOCABLE CONFIRMED
:20:Doc. Credit NumberHVT-2026-03-00441
:31C:Date of Issue250225
:31D:Expiry Date & Place260825 LONDON
:50:Applicant (Buyer)[REDACTED — Investment Grade Buyer]
:59:Beneficiary (Exporter)COOPERATIVA GRAOS DO CERRADO LTDA
:32B:Currency / AmountUSD [REDACTED]
:41D:Available With / ByANY BANK — BY NEGOTIATION
:44C:Latest Shipment Date260715
:45A:Description of GoodsSOYBEAN NON-GMO GRADE 2 CIF ROTTERDAM
:46A:Documents RequiredFULL SET CLEAN ON-BOARD B/L + CERT OF ORIGIN + PHYTO
:78:Instructions to Pay.PROCEEDS ASSIGNED TO HARVEST FINANCE LTD
Shipment Monitoring04

Capital follows the cargo

We track vessel position, bill of lading issuance, and phytosanitary certificates in real time. Drawdowns against the facility are released in tranches: 60% on bill of lading, 30% on LC acceptance, 10% on final settlement.

Drawdown Schedule

B/L Issued (60%)LC Accepted (30%)Settlement (10%)
Settlement05

The cycle closes when the buyer pays

On presentation of conforming documents, the buyer's bank releases payment under the LC. Proceeds are applied against the Harvest facility. Net proceeds — after principal, interest, and fees — are remitted to the cooperative within 2 business days.

Settlement Waterfall

Buyer's BankCorrespondent BankHarvest RepaidCooperative Net

Who We Finance

Three desks. One
common problem.

Export Manager

Mid-Size Trading House

Geneva · Singapore · Nairobi

Typical Tenor

90–150 days

Advance Rate

Up to 80% FOB

Pain Point

Juggling three LCs across time zones with a vessel laycan in 11 days

Need

Pre-export facility confirmed before the ship's nomination deadline

"We had 40,000 MT of Arabica ready to ship. Our LC hadn't been confirmed. Harvest structured the bridge in 72 hours."

Olivier Marchetti

Head of Origination, Marchetti Commodities SA

CFO

Agricultural Cooperative

Brazil · Ukraine · Ethiopia

Facility Size

$500K – $25M

Decision Window

5–7 working days

Pain Point

Bumper crop in warehouse, no liquidity to pay members or move the grain

Need

Working capital against warehouse receipts before the next harvest starts

"We had 12,000 tonnes of soy in store and couldn't pay our growers. Harvest advanced against the warehouse receipt within a week."

Adaeze Okonkwo

CFO, Cerrado Grains Cooperative

Commodity Broker

Independent Brokerage

London · Dubai · Houston

Commodities

Grain, Softs, Fibers, Oilseeds

Response Time

Same-day indicative terms

Pain Point

Buyer confirmed, seller ready — but the pre-export financing isn't in place

Need

Fast-tracked facility structuring to protect the deal and earn the commission

"I needed a structured PEF facility for a cotton deal in Uzbekistan. Harvest had a term sheet on my desk before the seller's patience ran out."

Tariq Al-Rashid

Principal Broker, Meridian Soft Commodities

Market Reference

Typical tenor ranges &
margin structures.

These are indicative, not guaranteed. Every facility is structured individually. We publish these so you can walk into the conversation knowing what the market looks like.

$2.4B+

Facilities Structured

since 2014

127 days

Average Tenor

across all facilities

38

Jurisdictions

active origination markets

99.1%

Repayment Rate

on-time principal recovery

Indicative Pricing Grid — Q1 2026

CommodityTenorAdvance RatePricing
Grains (Wheat, Soy, Maize)90–150 days75–80% FOBSOFR + 4.25–5.50%
Softs (Coffee, Cocoa, Sugar)120–180 days70–78% FOBSOFR + 4.75–6.00%
Oilseeds (Sunflower, Canola)90–120 days72–80% FOBSOFR + 4.50–5.75%
Fibers (Cotton, Jute)150–210 days65–75% FOBSOFR + 5.00–6.50%

* All pricing referenced to 3-month SOFR. Rates subject to credit assessment and market conditions.

Standard Facility Clauses — Plain Language Summary

Borrowing Base Certificate

Monthly certification of eligible receivables and warehouse stocks. Triggers automatic facility review if coverage ratio falls below 1.25x.

Offtake Assignment Clause

Borrower irrevocably assigns all LC proceeds to Harvest as first-ranking security. Confirmed by correspondent bank acknowledgement.

Force Majeure & Crop Failure

Facilities include a 30-day grace period for declared force majeure. Crop failure triggers insurance assignment, not immediate default.

Ready to Proceed?

Structure a facility for your next
export transaction.

Share your commodity, volume, and destination — we'll have indicative terms back within one business day.

The Export Finance Playbook

The next chapter is
already written.

The Playbook continues what this page started — sample clauses, worked examples, and the questions every CFO should ask before signing a facility letter.

Pre-export finance facility structures explained

Documentary credit checklist (LC issuance to settlement)

Sample borrowing base calculation worksheet

Typical covenant package for cooperative borrowers

SWIFT message guide for export managers

Red flags in offtake agreements — what lenders check

PDF · 48 pages · No account required

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