How often do I get paid?
How often you earn an income depends on the type of asset you purchased. With solar panels you'll receive an income every month whereas with beehives and blueberry bushes twice a year after the honey and berries are harvested. This money is paid into your online Fedgroup Wallet.
To ensure that bank charges do not eat into your profits, only balances of R300 or more are paid out into your personal bank account from your Fedgroup Wallet. You can leave the money in your Fedgroup Wallet or you can contact us to activate payment and we will automatically pay you out every time your balance exceeds R300. You may therefore wish to own more Impact Farming products, to ensure a more regular payout. All of the money in your account accrues interest of 4.5% p.a. until it is paid out to you.
When do I get paid?
Solar: Payments are made monthly. Returns will increase over time in line with energy price increases. Payments only start when the panel is installed and starts generating electricity. If you are pre-buying the asset, you will be notified when this occurs.
Honey: Payments will be made in the second and fourth quarters annually. The first harvest will be lower than average as the hive is still maturing, but this has been factored into your projected returns. As the hive and bee colony matures it produces more honey and your returns will increase. If you are pre-buying hives that have not yet been swarmed, we will notify you as to when to expect your hive to start producing honey.
Blueberries: Payments will be made in the first and fourth quarters annually. The first harvest will be lower than future harvests as the plant is still maturing, but this has been factored into your projected returns. Therefore, expect a lower-than-projected income in the first year, and then watch your income increase in subsequent years.
Please note that the timing of all payments is subject to change because of the nature of farming itself. Payment timings are dependent on factors such as weather (drought will mean a later honey harvest for example) and when the invoice is paid for the crop (for example with solar, when the landlord settles the invoice to Fedgroup, the Impact Farmer is then paid).