Do you aspire to live in the country, where your partner will continue to work and you want to run a smallholding or are you starting a farm business?
Richmond Asset Finance often receives enquiries from customers who want to start a farm and we have the ideal farm loan for this type of scenario, whether short or long term Richmond Asset Finance can help.
Obtaining farm finance can be difficult, especially where accounting information may not be good enough for the banks.
You may qualify for finance on a long-term basis through Richmond Asset Finance, but we also have a great farm selection of loan products that fits the bill for a farm start-up.
What is farm finance?
An all embracing term we use to describe all types of farm and agricultural finance we arrange in the rural and country business sectors, which can also be described as agricultural finance, equestrian finance, land finance and horticultural finance, a farm mortgage or farm loan. Farm finance can be provided for farms of any size (with our without a farmhouse), holiday complexes, caravan parks, caravan sites, estates, land, buildings, working farms, non-working farms, nurseries, garden centres, smallholdings, estates, fisheries, farm shops, riding schools and generally all manner of rural properties or in some cases not so rural.
Why Richmond Asset Finance?
- A well-established and reputable company.
- A great team that will help you with every query you may have.
- Hands on and experienced.
- We work in partnership with our customers to help them achieve their goals.
- References are readily available.
Humans have been ploughing the earth to grow food since the beginning of time, so why are some farmers now choosing to turn their back on this traditional technique?
Some farmers are now embracing new ways of working as they believe ploughing to be bad for the environment.
Ploughing and the environment
It is thought that dragging a plough through the earth several times a year disturbs the soil and the living organisms within it, which then has a negative effect on soil quality.
What’s the alternative to ploughing?
“No till” farming is a method of farming which eliminates ploughing and minimises soil disturbance. Instead, farmers ensure that soil is never left bare. As soon as one crop is removed, “cover crops” are planted to protect the soil and keep pumping nutrients into it.
This method also prevents earthworms and other important organisms from being disturbed, so that their numbers can grow, resulting in more nutrient-rich soil with improved structure and drainage.
Benefits of no-till farming
No-till farming can benefit both the environment and the farmer, here are just some of the benefits:
- Reduces soil erosion.
- Improves soil quality.
- Builds soil organic matter.
- Saves time on ploughing.
- Reduces cost of labour and fuel.
- Improves water absorption.
- Reduces greenhouse gas emissions.
- Natural weed control.
- Healthier crops due to nutrient-rich soil.
What machinery is required?
Farmers undertaking no-till farming use a piece of machinery called a cross slot drill which drills seeds directly into the unploughed ground. Although the initial cost of the equipment is similar to that of tillage machinery, the operating costs are far less.
For help financing the purchase of agricultural equipment, speak to our team at Richmond Asset Finance on 0113 288 3277. We provide a variety of asset finance and agricultural finance services to help your farm business to grow and develop.
Advancements in technology mean that we could soon see smart farming dominating the agricultural industry.
Farmers are likely to become increasingly reliant on farm machinery finance to help them gain the new machinery and equipment they require to keep pace with technology and stay competitive.
Just a handful of the high-tech agricultural equipment set to automate farmers’ jobs include:
Sensors– Sensors can be used on the land or in machinery and equipment to gather and share information and data. Sensors can be placed in fields to gather data about the condition of the soil, or in machinery to track information about yield or condition of machinery. This information can then be accessed by the farmer from anywhere, allowing them to make the relevant changes necessary to optimise crop growth.
Drones– Drones are already being used by farmers in the US for a variety of tasks including monitoring crops and spraying chemicals.
Driverless tractors– Automated, driverless tractors can operate all day and all night, to get the job done quicker and more efficiently. Future farmers may also be able to link their tractors to sensors and drones, giving them access useful information about the field that they’re working.
Robot pickers– Picking crops is a labour-intensive task which can be completed quicker and more efficiently with the help of robots that work 24/7. Using robot pickers would also significantly reduce labour expenses.
To find avoid getting left behind, find out more about our farm machinery finance options by giving our team a call on 0113 288 3277.