Richmond Asset Finance can finance any new or used piece of agricultural machinery and equipment with no age limitation, supplied by either a specialist agricultural dealer or bought privately through a fellow farmer or auction. Manufacturers subsidised finance is periodically available through Richmond Asset Finance.
Equipment we can finance include:
- Tractors & self propelled
- ATV & RTV
- Grassland machinery
- Cultivation machinery
- Drilling & planting machinery
- Harvest machinery
- Livestock handling systems
- Robotic milking systems
- Grading lines
- Farm security
- Food processing units
- Bottling plants
- Livestock feed systems
- Irrigation equipment
To find out if we can help finance your farm machinery in Yorkshire contact us today!
What We Finance
Richmond Asset Finance arrange finance on a wide range of agricultural machinery, farm equipment, livestock, vehicles and even fertiliser.
If it belongs on a farm, even if it’s second-hand or new, then we can arrange finance for it.
So whether you need tractors, combine harvesters, quad bikes, balers, trailers, ploughs, excavators, forklifts, new buildings or a pickup – we will give you our best deal.
We can also provide loans and mortgages for land and farm buildings for businesses which are already trading.
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.
An article in The Guardian newspaper has reported that there is likely to be a Christmas turkey shortage if EU workers not allowed in to work in British Poultry farms.
Poultry farmers are urging the government to lift travel restrictions to allow hundreds of specialist EU turkey pluckers to fill jobs in the UK, with a warning that there could be a shortage of birds or higher prices if the restrictions are not waived.
The proposed exemption would cover at least 1,000 seasonal workers who normally travel from Poland, Romania, Hungary, Bulgaria, the Czech Republic, Slovakia and Slovenia at the end of October to help slaughter, pluck and prepare birds destined for UK Christmas dinner tables. It says workers with typical two-month contracts will not come if they have to quarantine for two weeks upon arrival, even if they are provided with Covid-secure accommodation and “work bubbles”.
With lockdown forcing smaller festive gatherings, farmers are finding it difficult to predict consumer demand, and there are fears that larger birds will be out of favour.
Chicks – or poults – typically ordered in February grace the Christmas dinner table as fully grown birds the following year. According to the Department for Environment, Food and Rural Affairs (Defra), between January and June 2020 there were 6.2m poults being reared on farms, compared with 6.1m in the same period in 2019.
Intensive meat processing plants have already fallen victim to outbreaks of Covid-19. A thousand staff at Bernard Matthews’ facility in Holton, Suffolk, have been tested after 72 colleagues were found to be Covid-19 positive.
Commercial Bridging Loans for Farms from Richmond Asset Finance
As a lender that specialises in providing fast, non-status farm finance and farmland loans, including Commercial Bridging Loans, Richmond Asset Finance can help you develop your agricultural business.
Agricultural financing is available for the purchase of land, while dedicated farm development facilities are available to provide loans and finance for barn conversions, new build developments and refurbishment projects. Richmond Asset Finance can help with your Commercial Bridging Loans.
Short-term farm and land loans are available to farmers and landowners for any business purpose, provided that you have suitable property (buildings or land) to offer as security (1st or 2nd charge) and a credible plan to repay the loan.