Our client recently purchased a used combine harvester from Ben Burgess to replace their older, less efficient machine. This upgrade was essential to improve operational efficiency and reduce ongoing costs related to downtime, repairs, and external services. Despite the machine being pre-owned, we successfully arranged financing over a 7-year term.
To align with the client’s cash flow, we structured the deal with a seasonal payment scheme, with annual payments due in February each year, after the crop has been sold. This payment plan helps the client manage their finances effectively while benefiting from a more reliable and efficient combine harvester.
Why does financing a better combine harvester make sense for your business? Here’s how it can transform your agricultural operations:
1. Boost Revenue Potential
New Service Opportunities: A modern combine harvester allows you to expand your capabilities, such as offering contract harvesting, covering larger fields, or specializing in high-yield crops, creating additional income streams.
Increased Harvest Capacity: With a reliable combine harvester, you can manage larger fields and tighter schedules without delays caused by equipment failures or rentals, enabling you to complete more work during critical harvest windows.
Improved Profit Margins: Owning your equipment reduces dependency on costly rentals and external contractors, ensuring that you retain more revenue from each harvest.
2. Enhance Efficiency and Productivity
Save Time: A new combine harvester delivers faster harvesting speeds, helping you complete tasks more efficiently while minimizing crop loss.
Flexible Operations: Avoid delays caused by rental equipment availability or scheduling conflicts. With your own harvester, you can operate on your schedule, ensuring timely completion of work.
Advanced Features: Modern combine harvesters come equipped with state-of-the-art technologies, such as GPS guidance, automated settings, and high-capacity grain tanks, optimizing performance and maximizing yields.
3. Enjoy Financial and Cost Advantages
Tax Benefits: Financing a combine harvester often qualifies for tax deductions, helping to lower your taxable income and improve cash flow.
Build Equity: Unlike rental payments, financing allows you to build ownership in a valuable asset that may retain resale value over time.
4. Promote Long-term Business Growth
Stronger Brand Image: Owning a high-quality combine harvester showcases your commitment to efficiency and reliability, building trust with clients and strengthening your reputation in the agricultural community.
Operational Independence: With your own equipment, you can respond quickly to weather changes, unexpected demands, or tight deadlines, ensuring a dependable and proactive service.
Financing a new combine harvester is more than just an equipment purchase—it’s an investment in the future of your farm. From expanding capabilities to increasing productivity and profitability, this decision sets the foundation for sustained growth and long-term success in agriculture.
