Farmers have been getting squeezed over the years often experiencing lower margins on their produce.
Whereas, the cost of operating a farm requires cash injections for a variety of reasons, such as, allowing farmers to replace machinery, invest in new efficient energy power, build new stores, purchase cattle etc.
For most farmers, accessing finance through traditional lenders such as banks is becoming more difficult and time consuming.
Using a specialist agriculture finance broker such as Richmond Asset Finance, can offer farmers preferential rates and flexible arrangements – and often much quicker.
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
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.
Painless finance made possible with your own account manager
We understand that your time is valuable, so your dedicated account manager will work their hardest to undertake as much of the process as possible.
Richmond Asset Finance are a major funder of Dairy and Beef breeding cattle in the North West and surrounding areas. If you are replacing or expanding your dairy or beef herd we have funding available through Hire purchase and loans up to 48 months with no additional security required other than the livestock being financed.
Richmond Asset Finance are able to fund your cattle through:
- Livestock markets
- Farm to farm
- Livestock brokers
- Farm sales
We can provide effective farm finance strategies for various sized projects. With a general lack of lending in the marketplace, we offer a solution for farmers to source their funding needs.
The Government have announced that they will be supporting the agricultural, food and drink industry in the coming months following the COVID Pandemic.
The agriculture, food and drink industry is the UK’s largest manufacturing industry and plays a vital role in the UK’s food supply chain, which contributed £121 billion to the UK economy in 2018 – supporting around 4 million jobs. In 2019, UK food, feed and drink exports were worth £23.7bn – up 4.9% from 2018.
The measures introduced today will support producers, manufacturers and agri-tech companies across the food supply chain, from farm to fork, and has been developed with insight from the devolved administrations, trade associations, businesses and DIT’s regional and international networks.
The UK agriculture, food and drink industry has been significantly impacted by Coronavirus. Although it has done well to adapt, exports have been hit and the Government is committed to supporting this most important of industries get back into international markets and start growing market share once again.
For more information regarding the Governments plan, visit the GOV website HERE.
Richmond Asset Finance are leading providers of finance to farmers and rural businesses in the North West, Leeds and Yorkshire. We understand and know the needs of the agricultural community and of specialists are here to help.
Unlike many commercial finance brokers and lenders offering finance to farming and rural communities Richmond Asset Finance has a genuine understanding and interest in agriculture, the countryside and rural communities.
Richmond Asset Finance help with Rural Finance including:
- Livestock finance
Our livestock experience covers dairy, beef, sheep and poultry. Our facility can be used repeatedly for auction purchases, B&B, heifer replacement or even new infrastructure.
- Property renovation and repair
We provide loans to help renovate and repair property assets, which result in capital appreciation or income generation.
- Recovery and restructure
We understand the need to take control and rationally plan when financial pressure is acute. Our facility can provide a window to achieve this.
- Renewable energy
We have considerable experience in financing AD, hydro, solar and wind power, for construction or operation.
- Farm Diversification
We understand the need to create new revenue streams and support all types of business diversification, from holiday lets through to farm shops or new crops.
- Purchase of land
We help farmers move quickly to secure land and expand their business, as acreage may come available at any time and often at short notice.
If you have an enquiry regarding rural and agricultural finance, contact us today.