25 August 2023, US: While farming equipment can be expensive, it is absolutely essential to a successful ag operation. To help farmers manage equipment-related expenses, farm equipment loans can offset the cost of both new and used pieces of machinery.
There are a number of important considerations to keep in mind when determining how to finance farm equipment. The free Equipment Loans 101 Guide from FBN Finance walks farmers through the decision-making process by outlining:
What an equipment loan can be used to pay for
When to lease vs. buy equipment
What equipment ownership metrics to consider
If you’re thinking about applying for an equipment loan to fund a new machinery purchase for your operation, download the new Equipment Loans 101 Guide.
