Tag: Farm Loan (page 2 of 2)

What you need to know about JCB’s first ever fully electric diggers

30th September 2019 / / Comments Off on What you need to know about JCB’s first ever fully electric diggers

The first of JCB’s fully electric diggers are rolling off the production line; here’s what you need to know about them.

JCB’s new 19C-1E electric digger can be used either indoors or outdoors but is expected to be particularly popular for indoor and inner-city projects where reducing noise and air pollution is especially important.

JCB Compact Products’ managing director Robert Winter said: “This is a historic moment for JCB and for JCB Compact Products.

“We are delighted to go into full production with the industry’s first fully electric mini excavator. The machine has a very promising future ahead of it.”

The first orders have already been delivered to customers across Europe and North America.

Here is the key information and standout stats about JCB’s first fully electric excavator:

  • They are five times quieter than JCB’s diesel diggers.
  • They can be fully charged for a day’s work in under 2 hours.
  • Charging costs are expected to be 50% cheaper than running a diesel model.
  • Servicing costs are expected to be up to 70% cheaper than a diesel model.

As evidence of the severe and rapid effects of climate change mount, businesses are coming under increasing pressure to become more sustainable and reduce their Co2 emissions. 

Switching to electric vehicles can massively reduce your business’ carbon footprint, helping you to meet your corporate social and environmental responsibilities.

If you require help or advice with financing electric diggers, excavators, or commercial vehicles, speak to our team here at Richmond Asset Finance. We provide a range of flexible vehicle finance and asset finance services to help you to grow your business. 

To discuss your requirements in more detail, give our team a call on 0113 288 3277.

How farm finance products can help farms become more sustainable

15th April 2019 / / Comments Off on How farm finance products can help farms become more sustainable

The farming industry is under increasing pressure to operate more sustainably. Here’s how farm finance products can help farmers to achieve this goal.

Sustainability, climate change, and animal welfare are all hot topics. As vegan and vegetarian diets grow in popularity, more people are becoming interested in the environmental impact of agriculture, particularly the farming of cattle for beef. 

What is sustainability?

To be sustainable is to look after the environment and renew resources at a rate equal to or in excess of the rate at which you use them. In order to become more sustainable, farmers must adopt environmentally friendly practices and find ways to improve the efficiency of their processes.

Which areas of farming can this be applied to?

When looking at the way you run your farm there are likely to be many areas where you could make improvements to become more efficient and sustainable.

Just a few areas you may identify include:

  • Feeding livestock.
  • Breeding livestock.
  • Manure management.
  • Looking after soil.
  • Tools, tech, and machinery.

Tools and equipment for agricultural sustainability

As well as changing and improving existing processes, farm machinery and equipment play an important role in a farm’s sustainability.

If you are using old or outdated machinery, upgrading could lower your farm’s environmental impact. Modern machinery is often built to be more intelligent and efficient with sustainability in mind.

Just a few sustainability problems that modern machinery can solve include:

  • Machinery that produces fewer emissions.
  • Machinery that consumes less power and uses fewer resources.
  • Machinery that can apply chemicals with greater precision.
  • Micro-sprinklers and drip irrigation technologies to save water.
  • Smart technology like crop sensors and drones to improve efficiency of processes.

Farm finance products to fund sustainability

Adopting modern farm machinery isn’t just about being kinder to the environment, it also makes good business sense. Working smarter and more efficiently will also help to save you time and money, making modern farm machinery and technology an excellent investment for the future.

If you need help financing new farm equipment, then there are a variety of farm finance products on the market to choose from. The farm finance product suitable for you will depend on your current situation. 

Get in touch with our team of specialists here at Richmond Asset Finance for free farm finance help and advice by calling us on 0113 288 3277 to discuss your requirements in more detail.

3 key things to consider when applying for a farm loan

5th March 2019 / / Comments Off on 3 key things to consider when applying for a farm loan

Thinking about applying for a farm loan? Check that you have prepared this key information first.

At Richmond Asset Finance we aim to make applying for a farm loan as simple, quick and pain-free as possible.

Our farm loans have helped numerous farmers to gain the agricultural assets they need to grow and thrive.

Before applying for a farm loan it’s helpful if you can prepare key information about your business and its plans, to increase your chances of securing finance and speed up the process.

The three key things that lenders will look at when deciding whether to grant finance are:

Business plan– Being prepared is key to securing a farm loan. Having a business plan and financial projections all planned out can help to reassure lenders that you’ve thought things through and get them onboard with your vision.

Creditworthiness– Before applying for finance you should find out how your credit rating is looking. Funders are more likely to invest in businesses that they deem to be less risky, but that’s not to say there won’t still be a financing option for you if your credit rating isn’t great, it’s just best to know where you stand from the start.

Financial information– When applying for a farm loan you will be required to give evidence of your current financial situation. This may include copies of your bank statements, balance sheet, cash flow statement, and details about existing assets.

At Richmond Asset Finance we have over 10 years’ experience helping farmers to successfully secure farm loans to grow their business. We can advise you on everything you need to make your farm loan application successful. Just give our team of experts a call on 0113 288 3277 and we’ll be happy to help.

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