How Leasing Can Help Your Farm
By Taylor Brennecke, Farm Credit Leasing Specialist From tractors, to cotton bailers, or even a barn - leasing can be a solution for agricultural producers, agribusinesses and more.
- Helps cash flow
- Available on most farm equipment
- Basic fleets or customer vehicles
- Metal barns, sheds, and other buildings
- Processing equipment and more...
Leasing Can Help Cash Flow
AgSouth Farm Credit specializes in helping farmers with financing and educational programs. As part of a nationwide cooperative lender network, AgSouth also offers programs to mitigate some of the hazards that come with feeding the world, like crop insurance and specialized financing for young and beginning farmers.
But experienced and beginning farmers alike oftentimes need new machinery and equipment in order to maximize the farm’s potential, and they don’t always have the cash flow necessary to purchase these crucial updates.
In many cases, leasing can often provide a solution. AgSouth Leasing provides leases to meet the needs of agricultural producers, agribusinesses and rural electric, telecommunications and water companies.
Benefits of AgSouth Leasing:
- ZERO down payment
- Quicker depreciation than with typical loan payment
- See your accountant for your specific information
- Flexible payment schedules
- Easy approval process
- For leases under $250,000, only a 2-page application and current balance sheet is required
- Lease-to-Own options
Types of Leasing
AgSouth offers leases for most equipment and vehicle needs for your farm or agribusiness, new or used, like:
- Irrigation systems
- Processing equipment
- Packing equipment
- Fertilizer spreaders
- Poultry clean-out equipment
- Grain bins
- Peanut wagons
- Cotton bailers
- Fleet vehicles
Lease Buildings for Agriculture
You can even lease buildings like packing sheds, barns, and even production facilities. Of special note is that a building of less than $500,000, the building itself is all the collateral needed with an AgSouth lease, which means you can have the building you need without leveraging your other assets like the land it sits on. You can even lease a building on land you rent from someone else.
Fleets for Your Farm
Because AgSouth leasing buys direct from auto manufacturers like Ford, GM and Dodge, you can lease fleet basic or customer vehicles like trucks, cars, over-the-road haulers and even ATVs at major savings – perfect for farmers who need to manage their farm to get their produce to wholesalers quickly. A recent AgSouth Farm Credit Leasing customer saved more than $14,000 by using the leasing company.
Visit our AgSouth Leasing page for more information.
Ready to talk about leasing? Contact one of our agents below!
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