As farmers, your specialty more likely to be nurturing your animals, growing crops and harvesting to provide for the nation.
It’s unlikely to be in finance. We have answered some of the common questions we get asked:
There are a range of finance options available depending on what you need the finance for. It is best to speak to an experienced broker as they recommend an option which offers lower rates and lower repayments. Here are six to consider:
- Asset finance – hire purchase or leasing options
- Agricultural loans
- Refinancing to release equity tied up in your existing machinery
- Agricultural mortgages and bridging loans for farm and land purchases
- Diversification finance
- Renewable / green energy project finance
Richmond Asset Finance can offer finance for all types of new and used vehicles used around the farm. Everything from quad bikes to commercial vehicles and trailers.
There are a wide range of finance options available to you – hire purchase, operating or finance lease, and conditional sale to lease back agreements.
Speak to our UK specialists in vehicle finance today and we can advise on the best option for you.
- Quad Bike Finance
- 4×4 Pickups
- Cars & Vans
- Commercial Vehicles
We can also help source your new vehicle as a significant discount over your local dealer.
Agricultural Equipment Finance
When you want to use better equipment to maximise the investment in your farm, then Richmond Asset Finance will take the hassle out of arranging finance to allow you to purchase agricultural equipment.
Investing in new equipment will improve your productivity and profits and make your life a bit easier.
We have access to over 150 lenders so we secure you the best deal on equipment finance we can. Here a few examples of equipment we can help with:
- Irrigation Equipment
- Livestock Handling Systems
- Robotic Milking Systems
- Food Processing Units
- Feeding Systems
- Water Tanks
- Bottling Plants
Richmond Asset Finance are one of the UK’s leading brokers of farm finance for farmers in the north west including Yorkshire and Manchester.
We know that running a farm and looking at ways to minimise costs and increase your profits is not an easy task.
That is why UK farmers trust us to get them the best finance deal we can. Many farmers who we help have become repeat customers and friends.
They rely on us to arrange finance or loans for a range of agricultural assets – everything from chicken pullets, tractor finance to agricultural mortgages.
We can source great deals on almost every type of farm finance.
Farm Machinery Finance
Finance can be arranged for new or second hand farm machinery with no age limit*.
Whether you are looking to use hire purchase, lease or lease back agreements, we can advise you on the best options to secure the machinery you want.
Finance for machinery includes, but not limited to:
- Combine Harvesters
- Drilling & Planting Machinery
- Cultivation Machinery
- Grass Land Machinery
As demand outpaces supply, Oct tractor sales up 9 per cent over last year.
Tractor sales, including exports, rose by around nine per cent in October 2020 to 1,23,883 units from 1,13,638 units, a year ago. Though growth has come down year on year, in absolute terms it increased.
Companies say demand has outpaced supply in October and festival season footfall has been good. Analysts at Crisil expect domestic tractor sales to notch up 10-12% growth this fiscal, compared with a de-growth of 1% estimated earlier, as a raft of tailwinds lifts farm incomes despite the Covid-19 pandemic.
Tractor and Mechanization Association (TMA) data shows, of the 1,23,883 sales in October 2020, 8,728 are exports as compared to 1,13,638 units, including 6,749 exports in October 2019. Production in October 2020 was 1,08,873 units as compared to 68,454 units, a year ago.