Agricultural Equipment Financing Helps Businesses Thrive

Equipment Financing for Farms
Reading Time: 2 minutes

It can be overlooked outside of the rolling farmlands of America, but farmers run extraordinarily important businesses that are extremely labor-intensive, but agricultural equipment can help with that

My wife’s family is farmer stock, having raised dairy cows and vegetables in northern New Hampshire for many years. The universal truth is that it’s difficult-to-impossible to milk a farm full of cows by hands and hand harvest a field of corn, so you will need equipment. Thankfully, you don’t have to buy it outright and cripple your cash flow.

That’s the beauty of equipment financing. You can usually find a program that fits the unique cash flow issues associated with a farm, a logging operation or really any business in that vein.

Types Of Equipment For Financing

  • Log-splitters
  • Logging equipment
  • Balers
  • Trailers
  • Yellow iron
  • And much more!

The Big Advantage Of Financing

Agricultural equipment is expensive. Think of agricultural equipment like a baler, for example, which carries an enormous cost and will probably need maintenance if you’re going to use it often. Financing it takes you from needing to make one big payment that can set you back a long while and gives you months to slowly chip away at it.

Now, there are challenges given that farmers typically only rake in a ton of money at particular times of the year, particularly when crops are harvested. In that case, it’s smart to find a financing program that will give you more flexibility in terms of paying it back. Make sure your equipment finance company can do that for you.

If you need equipment financing for your farm or other agricultural business and you need it fast, check out Direct Capital’s agricultural equipment financing programs today.

 


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