Farm Finance

How farm finance can help you save money when you get the basic knowledge before applying for agricultural finance.

The agricultural industry is subject to more stress from external factors than almost any other; in addition to the economic factors of supply and demand, farmers are also at the mercy of the UK’s changeable weather. While one year might produce a bumper crop the next might be a total failure, and there are very few certainties that farmers can count on.

With this in mind it’s vital that farmers have some way to counteract the annual fluctuations in their farm’s profitability, and being able to access a flexible and specialised form of finance is invaluable for those in the agricultural sector. Farm finance is a key part of any farmer’s year-to-year strategy, and without a stable backup plan that can provide cash when it’s needed farms are in a very precarious position.

While farm finance might be a necessity, farmers should be careful to understand precisely what the terms and conditions of these loans are. Although many farm finance specialists are able to provide highly tailored solutions that mirror the needs of their clients, not all loans are suitable for every situation. Therefore, farmers should seek the counsel of a professional financial advisor before committing to a financial product of any type, in order to ensure it’s appropriate for their circumstances.

Yellow Plant Finance by Richmond Asset Finance

We can finance a range of yellow plant to the construction related industries. In addition, Richmond Asset Finance can finance new and used excavators, mini diggers, backhoes, loading shovels, mini excavators, crushers, cranes, dozers, dump trucks, tractors to business in the UK.

Richmond Asset Finance specialise in arranging business finance and leasing of all yellow plant and construction equipment from most of the recognised brands in the market place such as Hitachi, CAT, JCB, Kobelco, Benford, Komatsu to name but a few. We can also arrange business finance and leasing on other yellow plant and machinery such as Excavators, Dozers, Dumpers and Rubber Tyred Machines, Teleporters and also peripheral equipment like Rock Breakers and Buckets to suit all types of machines.

The team at Richmond Asset Asset Finance pride ourselves on supplying a prompt, reliable and helpful business finance and leasing service at all times and are confident that the quality of our service and standard of service is second to none.

Whether you’re a long-established business, having current trading difficulties, new start up or a Phoenix Company, we have the experience and funders to get the deal you are looking for!

  • Agricultural Finance
  • Asset Finance
  • Asset Re-Finance
  • Commercial Bridging Finance
  • Haulage Finance

Secure finance for agricultural vehicles and tractors

We know the importance of having access to the most up-to-date farm vehicles, tractors, and agricultural machinery. But the initial costs of investing in new tractors can be high, and traditional finance options aren’t always available to growing farms. Whether you are looking for new or used vehicles, our asset finance solutions are designed with your exact requirements in mind.

Alongside livestock finance, funding for farm diversification projects and agricultural equipment leasing, we provide vehicle finance so that you can unlock capital to grow your agricultural business with reduced risk. We specialise in helping farmers to fund both new and used tractors and other farm vehicles.

What farm vehicles can be financed?

Whether you need to buy a new tractor or a new combine harvester in order to cover larger areas more quickly, we can provide finance to help you scale your agricultural business or solve immediate problems with cash flow.

We can provide finance for:

  • Tractors
  • Combine harvesters
  • Agriculture trailers
  • Loaders
  • Tractor attachments

Tractor Finance

We’re here to help…

Tractors are the lifeblood of any farm and are vital to the success of a lot of agricultural businesses.

With no age limitation, any tractors or other machinery that you’re looking at purchasing can be new or used and supplied by either a specialist dealer or bought privately.

We can arrange funding for the purchase of a new or used tractor, restructure existing finance agreements and provide you with flexible seasonal payments options.

If you don’t have time to speak to someone, drop us an email and we will be happy to help.

Our specialist agriculture team in-house will be able to help with any financial needs you might have.

We can provide finance for a wide variety of agricultural assets, from cultivators, tractors and combine harvesters to livestock, robotic milking machines and crop sprayers, and we’ll guide you through every part of the agriculture finance process. 

As well as arranging funding for the purchase of new and used agricultural equipment, we can also look at other options like restructuring existing finance agreements or providing flexible seasonal payment options.

With the government’s target of being carbon net zero by 2050, we are also keen on working with businesses who are looking to utilise renewable energy.

Agricultural Financing for Farmers

With today’s advance and changing world, new technologies have emerged in the agricultural sector. It’s needed and important to increase the production in farming. Every farmer wants to avail of this new technology however not all can afford an upgrade. Farmers specially in developing countries cannot afford to have this technology. They do not have the capital and money to purchase the newest equipment and tools. Because of this they opt to stick with the traditional way of farming because there is nothing they can do.

Farmers need money or capital to increase one’s production. Farmers need to adapt and embrace the newest technology that can help them in their farming needs. This in return will yield better harvest and production. But not all farmers have the capital and money to spend for this. This is where they seek farm financing. Farm Finance has become vital to these farmers because it can help them gain the needed money for financing various farm resources. Aside from banks credit agencies are also available in some rural areas. They can assist farmers with their capital needs by providing credit to farmers. However, the credit policies, credit rationing, interest rates and other factors can have a significant bearing on farm returns.

The Importance of Financing in Agriculture

Agriculture plays a big role to the life of people especially in developing countries. It has a great impact on people living in the rural areas. Many rely on Agriculture as a source of their daily income. However, access to agricultural finance may be a problem for most. Many are not able to get financial support for these agricultural needs. This maybe a hindrance for farmers to level up. This can be a factor for them not to avail new technology and devices that can improve in their farming and agricultural needs. All these new technology and devices can help increase proficiency and production.

With the coming years there is a high demand for food and other agricultural products. In this case the agricultural system should improve. The only way to attain this is by acquiring the newest agricultural devices and technology. These are good investments that would allow farmers to produce more.

What can you finance with Richmond Asset Finance?

There’s no definitive list for what could be financed. Most things that you would need within your business can be financed, so don’t think that it’s not possible before asking the question.

We’ve put together a few things that we’ve helped with finance for over the years to give you an idea of our experience and what’s possible. Remember though, this isn’t everything, it’s just a guide to help you understand what’s possible:

  • Machinery
  • Machine Tools
  • Backhoe Loaders
  • Excavators
  • Attachments
  • Forklifts
  • Heavy lift Machinery
  • Compactors & Rollers
  • Dumpers
  • Trailers
  • Hydraulic Hammers

Can’t find what you’re looking for? Contact us today and we’ll be happy to help!

Yellow Plant Finance for you

We understand that plant equipment, tools and machines can be expensive, so sometimes businesses need help with finance for specific assets or to give them additional funds that can help with business expansion or just to ease their cashflow.

As an independent business, Richmond Asset Finance understands the needs of other businesses. Like you, our business is unique. If we were looking for business finance we would expect our finance arrangements to be looked at individually to ensure that we got the best available package for us.

We work closely with a number of carefully selected, specialist lenders, that can help you with the right asset or working capital finance for your business.

New or used plant, machinery or machine tools are often the sign of expansion, and we know that you’ll need to be up and running as quickly as possible. With this in mind we maintain a quick turnaround for you to ensure that it’s not only the right finance that you need but allows you to get the finance you need, when you need it.

Best Selling Tractor Brands in the UK

John Deere is still the most popular tractor brand in the UK.

However, second-placed New Holland did manage to narrow the void between the two slightly, selling 88 more tractors than it did in 2013 to get to a figure of 2,645.

Third placed Massey Ferguson had an equally good year, shifting an extra 83 machines, as did its sister brand Fendt, which upped sales by 57 to move into fifth place behind Case-IH.

There was less to celebrate in the Claas camp, though. It dropped a massive 195 sales from 2013 to 2014 and was overtaken by Fendt in the overall rankings. Deutz Fahr also dropped 73 sales down to 298, putting it perilously close to 10th-placed McCormick on 288.

Overall, the market picked up slightly from a total of 13,490 in 2013 to 13,526 in 2014, but this was still a lot lower than the 14,964 that farmers bought in 2012.

Different Types of Real Christmas Tree

No Needle Drop’ Nordmann Fir

The Nordmann Fir is a tough tree with thick, soft glossy needles that are dark green on the top and blue-green on the underside. It is renowned for holding onto its needles the best of all the different types of Christmas tree, meaning you won’t need to worry about putting the vacuum clearer into regular use during the festive period! For this reason the Nordmann is a good choice, particularly if you’ll be positioning your tree a bit closer to a radiator or open fire than would be ideal.

Traditional Norway Spruce

Norway Spruce is the traditional Christmas tree which has been popular since Victoria times with short and thin, varying bright and deep green pointed needles. It has a more triangular shape than other varieties with attractive red-brown bark, a rich coniferous fragrance, broad base and bushy habit. As the best value type of Christmas tree available, the Norway Spruce had been the single most popular variety in Europe for some time, but was recently overtaken by no needle drop varieties such as the Nordmann Fir.

Serbian Spruce

The Serbian or Omorika Spruce is one of the newer types of Christmas tree on the market, with a more slender shape than other types of tree, making it perfect for smaller homes, porches or corridors. Its needles are similar to the Norway spruce but flatter and soft with a bluey hue and almost white undersides. The branches are slightly drooping yet well spaced, making decorating easy with sprays pointing upwards at the ends. Needle retention is better than the Norway Spruce but not as good as the Nordmann Fir, so again we recommend buying your Serbian Spruce in mid-later December to reduce the amount of needle drop before Christmas. The Omorika Spruce boasts a pleasant, strong fragrance and works well with a simple scheme of plain lights spun around the tree from top to bottom.

Alberta White Spruce

A lovely, compact, slow growing conifer which makes the perfect mini Christmas tree with dense branches and a bluey hue. The Alberta White Spruce has its origin in North America but found its way to England around the 1700s. It has a conical form making it ideal to use as a large table top or windowsill tree. Supplied pot grown with a good chance of planting out after Christmas if you choose to have it indoors to start. After Christmas the Alberta White Spruce can be kept in the container but put outdoors in a sunny spot or, alternatively, planted at the front of a border or in the rock garden

North Yorkshire Dairy Farm expands with funding

A North Yorkshire dairy farm is set to double capacity with the opening of a new warehouse, supported by six-figure funding from Lloyds Bank.

Town Head Farm in Grassington is a family-owned milk producer and distributor, led by David Oversby, grandson of founder William Oversby.

It sells milk and juices to wholesalers, caterers and supermarkets, as well as to regional doorstop sellers across Yorkshire and the North West from its production site at the foot of the Yorkshire Dales. The dairy’s 80-strong team also supplies milk to schools and NHS hospital trusts.

The £14m-turnover business has been boosted by growing demand for doorstop milk deliveries, and the team recognised the need to increase production capacity to meet demand and drive growth.

The £800,000 loan Lloyds Bank is being used to support the purchase of new equipment, including a glass bottling line and bottle washing machine.

Paul Mason, commercial director at Town Head Farm, said: “Dales Dairies is a third-generation family business, and we are always looking for new ways to supply the highest quality products and create local jobs in Yorkshire. The pandemic generated huge demand for doorstop deliveries, which looks set to continue, and our expanded site with more efficient equipment gives us the room to grow to meet that demand.

“This marks the second time that the team at Lloyds Bank have supported our growth ambitions, after helping us with the initial purchase of our Keighley site. We are now in a position to unlock a new phase of growth at Town Head, serving even more customers across the North of England and helping to support the regional dairy farmers who supply our milk.”

Alexandra Butterworth, relationship director at Lloyds Bank, added: “We’ve worked with David and the team at Town Head Farm for many years now, and it has been so rewarding to watch the business go from strength to strength. They have emerged from a challenging 18 months stronger than ever, seeking out new ways to grow and adapting to changing consumer behaviour.”

Richmond Asset Finance can help you and your business expand or give it the boost you need in order to increase your revenue or help you to expand as a business.

Contact us today

Hire purchase machinery and vehicle finance

Hire purchase spreads the cost of buying equipment.

Keeping your farm business running efficiently often means investing in additional vehicles, equipment or machinery.

Flexible packages help you get on with business

Hire Purchase lets you spread the cost of a capital asset over a fixed term, enabling you to use some of the revenue the item generates to fund its purchase. 

This helps boost your cash flow as you’ll not have to pay outright for major investments which may otherwise slow down your growth, diversification or consolidation plans.

  • Buy new and used vehicles and farm equipment from £15,000 – including tractors, combines, balers, sprayers, telehandlers, feed mixer wagons, grain drying equipment, beet harvesters, pea viners, egg graders, slurry spreaders, trailers, automated parlours, commercial vehicles and more. 
  • Hire Purchase can help with the cost of biomass boilers, the financing of balloon payments and also VAT deferments. 
  • Pay the initial deposit that suits your needs and choose a repayment period of between one and five years. 
  • Repay monthly or seasonally to suit your cash flow with competitive interest rates.

UK-first sustainable farming school launched

A UK-first school seeking to help farmers adopt regenerative methods of agriculture has launched at Harper Adams University.

The School of Sustainable Food and Farming is the first of its type in the UK, with courses covering livestock, soil health and biodiversity.

In the UK, agricultural production is currently responsible for 10 percent of all greenhouse gas emissions.

Harper Adams University says the school will play a part in realising the government’s new ‘green’ agriculture policy, unveiled in November last year. 

Based in Newport, Shropshire, courses will be designed using the work on sustainable farming and food production by the university.

They will cover topics including carbon sequestration, the potential of green energy production on farms – including anaerobic digestion plants, and understanding the value of carbon. In addition, on-farm learning with tutors will take place.

The courses will be run by the UK’s leading experts in agronomy, veterinary practice and nutrition. 

They will include undergraduate courses to train new sustainable farmers, short courses and apprenticeships to upskill the current farming workforce as well research posts.

The school has been launched in collaboration with supermarket Morrisons, foodservice outlet McDonald’s UK, and the National Farmers Union.

Farmers Protest outside Tory Conference

Farmers protested outside the Tory Party Conference amid the current labour crisis.

Pig producers have staged a protest outside the Conservative Party Conference after Boris Johnson played down the prospect of a mass cull of pigs due to a shortage of plant staff.

A group of farmers gathered outside the Manchester conference on Monday morning (4th October) to raise awareness of the industry’s ongoing struggles with finding an available workforce and the possibility of having to cull thousands of healthy pigs.

Producers are now seeing a backlog of well over 120,000 pigs on farms, with many quickly running out of space and many more at or close to the limit.

The labour crisis due to COVID-19 and Brexit at processing plants has resulted in a slowing down of the throughput of British pigs through plants, which is adding to the already severe backlog of pigs on farms.

The prime minister has blamed the pig industry for the staff shortages in abattoirs for not paying enough or creating attractive working conditions.

The Prime Minister has been accused of disregarding the possible pig cull

Farming groups have been left ‘shocked and dismayed’ after Boris Johnson played down the prospect of a mass cull of pigs due to a shortage of plant staff.

The prime minister made the comments on Sunday’s Andrew Marr show when questioned on the pig sector’s ongoing problems, and the likely move toward a mass cull of healthy animals.

Producers are seeing a backlog of well over 120,000 pigs on farms, with many quickly running out of space and many more at or close to the limit. The sis due to the labour shortage at processing plants and has slowed down the throughput of pigs through plants causing a severe backlog of pigs on many farms across the UK.

On 4th October, pig producers stages a protest outside the Conservative Party Conference to raise awareness of the sectors struggles at this time. The prime minister responded with a statement suggesting the Home Office were looking into solutions for the current labour shortage.

UK retailers and supermarket chains have also been asked to help the beleaguered sector, by purchasing more British pork.

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