farming equipment

Improve Quality of Life and Increase Productivity With Farming Equipment Financing

Farming equipment is one of the necessities that many farmers must consider if they want to grow their food. However, most people who are interested in farming, especially those who belong to the middle class cannot afford this type of equipment. Indeed, the price of farming equipment is quite high because it is highly specialized and requires a lot of maintenance. Here are some reasons why farming equipment is so expensive.

  • First of all, tractors, combines, ploughs, and harvesters are major parts of farming equipment. Tractors, combines, ploughs and harvesters are pieces of machinery that make the production of farming products easier. As such, farmers cannot just get any type of tractor or any other piece of farming equipment. Under the law, section 179 is an itemized list of items that are subject to deduction; some of these include automobiles, boats and motorcycles, parts and accessories for tractors, boats and motorcycles, and tools and machinery for cultivating the soil.
  • Secondly, farming equipment is highly specialized and is used for producing specific kinds of crops. So, farmers are not able to use common tractors and other farm machinery to harvest the fruits and vegetables that they need. As such, to increase production, farmers must also get special items that are specifically used in growing certain items.
  • Thirdly, farmers normally spend more on farming equipment financing than they earn. This means that they are forced to invest in machinery that will help them increase production. Moreover, the amount that they can get from the government is limited. Because farmers are required to pay taxes on the income they receive, the amount they can borrow from banks and other financial institutions is relatively lower than what they could get from private lenders. As such most farmers usually avail themselves of farm equipment financing, instead of looking for other types of loans.
  • Fourthly, farmers need a lot of money for purchasing tractors, fertilizers, pesticides and other farming equipment. To acquire these products, they need to find farmers who are willing to sell their old equipment to them at very low prices. Since the number of bankruptcies due to bad loans and other factors is very high in the agricultural sector, farmers find it difficult to find customers for their agricultural products. This is where farm equipment financing comes into play. When a farmer borrows money from a bank or a lender, he can easily obtain machinery without having to produce any type of collateral.
farming equipment
  • Fifthly, since the farming industry requires tractors, trucks, ploughs and other major machinery, farmers must hire bookkeeping experts to ensure accuracy in their financial records. The bookkeeping records must be updated to make it easier for the bankers to make lending decisions. Bookkeepers can help farmers increase productivity by ensuring accurate information in the accounts. By increasing the production of each item, the profits of each farmer will also increase. Thus, by using proper farming equipment financing, farmers will be able to increase productivity.
  • Lastly, many farmers would like to invest in modern farming equipment to increase productivity and minimize costs. There are many options available for them to choose from, such as integrated sprinklers, compact tractor ploughs, etc. Although these machines do not increase productivity instantly when properly maintained and used, they can greatly improve the quality of each product. For instance, if there are small gaps in the rows of crops, tractors can be used to plough the soil and remove any weeds. Thus, by using high-quality equipment, farmers will be able to increase productivity and minimize costs at the same time.

Indeed, the market has many types of farming equipment. However, a farmer needs to know how to choose the right equipment based on the type of crops he or she is dealing with. This way, farmers will be able to maximize the profit they can get from each investment. Besides, by making informed decisions when buying used equipment, a farmer will be able to make the most out of his or her investment. Therefore, investing in new equipment should not be seen as something risky; rather, it should be viewed as an investment that will help improve the quality of life and standard of living for the entire family.…

Read More →
agricultural machinery

Recent Trends in the Agricultural Machinery Market

The agricultural machinery or agricultural science industry is the part of this industry, which produces and keep agricultural machinery and agricultural instruments. This sector is considered as a strategic instrument in the development of agricultural production. The agricultural machinery and equipment, agricultural products and agricultural products are all developed thanks to the agricultural machinery manufacturers. They provide raw materials such as agricultural feeds, fertilizers, oilseeds, agricultural chemicals, agricultural machinery parts and agricultural machinery services. In other words, they provide the agricultural machinery and agricultural appliances for agricultural production.

As mentioned above, this sector is very important in agricultural production. It mainly consists of combines, ploughs, harvesters, harvester-mixers, tiller, bucket trucks, agricultural machinery and other tractors. These machines and tractors are very important to the agricultural industry. Without these machines and implements, there can never be any type of agricultural production in the agricultural machinery industry.

Technology Advancements

However, with the advancement of technology today, the agricultural machinery and equipment industry experienced a lot of change. For example, the adoption of computers into the agricultural machinery and equipment industry has changed the way modern tools operate. Today, tractors and other agricultural machinery and equipment can be programmed according to the requirements. With the help of computers, the process of controlling the operations of this agricultural machinery and equipment can be made precise. The result is that tractors and other agricultural machinery and equipment have become very precise and sophisticated.

For example, the new GPS tractor models introduced by DAF is now able to control the path of the ploughs. It can determine the exact distance between the positions of the front and back drive sensors. The accuracy of the tractor ploughs has increased tremendously with the help of this new technology introduced by DAF. The increase in accuracy of such agricultural machinery and equipment allows farmers to get a clearer picture of where the nearest trees, weeds and other objects are located.

Another major change in agricultural technology is that battery-operated vehicles are replacing the older steam engines. There are several reasons for this including increased fuel economy, less noise and increased reliability of the equipment. Many farmers are now opting for battery-powered tractors as they are more reliable and can provide improved pest control due to the absence of spraying chemicals. Some manufacturers have also launched new models incorporating compact size engines.

agricultural machinery


One of the most important agricultural equipment market trends in the agricultural machinery market is the rise of online dealers. Online dealers offer products from leading brands at discounted prices when compared to traditional brick and mortar dealers. The market consolidation in India is also witnessing a parallel growth in the agricultural machinery market. Many farm equipment manufacturers and dealers have already developed websites for easy access and purchase of their products. These online dealers offer equipment at affordable prices and some even offer free shipping services.

The agricultural machinery dealers who have developed their reputed websites are expanding their service offering in the areas beyond the traditional local markets. Many of these manufacturers have set up their call centres for efficient customer support and efficient after-sales service. Apart from the traditional offline dealers, many small local dealers have started setting up their Internet websites to counter the competition. However, the growth of online dealers is mainly driven by the large farm operations that need bulk orders for their equipment.

Another reason for the popularity of online purchasing is the growth of customized products in the agricultural equipment market. The growth of Internet technology has helped manufacturers to make customized and personalized orders for their equipment. The large scale mergers and acquisitions in the agricultural sector have also helped the companies to focus on specific applications of their products by developing customized versions of their existing products.…

Read More →