Tag: Farm Machinery Loans (page 1 of 3)

Fast Farm Loans

27th July 2021 / admin / Comments Off

Fast farm Loans available from Richmond Asset Finance.

We often speak to farms needing to replace equipment, develop property, or settle bills to continue their business activities. The challenge we often hear is how they can access the necessary finance. The banks usually ask for a multitude of information and many lenders do not appreciate the cyclical nature of farming businesses. This is where Richmond Asset Finance can help.

If you need access to immediate finance for your farm this is a fast and competitive option.

Why choose a fast farm loan from Richmond Asset Finance?

You’ve just paid your staff, you are still waiting for that major client to settle their account and a large bill has just arrived on your desk.

When a number of circumstances conspire at any one given time this can cause even the most stable of farms to encounter cashflow problems, not to mention worry for you as the business owner.

Unfortunately this is not uncommon, but help is at hand.

If your farm needs emergency finance our fast farm loans can help you pay unexpected bills, bridge a cashflow gap, and get your farm back on track.

Speak to Richmond Asset Finance today and we will be able to help you with your farm finance requirements.

Plant Hire & Machinery Specialists UK

19th May 2021 / admin / Comments Off

PLANT HIRE FOR ANY SITUATION FROM RICHMOND ASSET FINANCE.

At Richmond Asset Finance, we specialise in sourcing and funding plant and machinery hire for companies across the UK. Whether your company needs to hire diggers, excavators, dumpers or any other heavy-duty equipment, our expert team can help create a tailored financial package for even the most complex payment structures.

Plant hire through a broker allows companies to focus on what they do best while still receiving the most competitive pricing on their funding.

As one of the leading independently owned Asset Finance companies in the UK based in Yorkshire, we are experienced in providing plant hire for a range of companies. We take pride in building long-term relationships with our clients and lenders to achieve the very best rates and giving the best advice to all of our clients. Get in contact with us below to find out how we can help you.

PLANT HIRE & MACHINERY FINANCING OPTIONS

Depending on your companies circumstances, we can offer a wide range of tailored financial solutions for your company. Each product has its benefits so it’s important to choose the right one for your asset financing.

Some of the financial options available include:

Hire Purchase (HP)
Finance Lease
Refinancing

If you’d like to receive a quote, or just have a question about asset financing, get in touch with us through the contact form below.

Farm machinery finance options through Richmond Asset Finance

30th March 2021 / admin / Comments Off

Richmond Asset Finance are pleased to announce that we offer a wide range of financial payment facilities on most of our new and used tractors and farm machinery.

We offer agricultural and farm machinery finance across the UK. Richmond Asset Finance’s success is reliant on its specialist service and preserving a competitive edge in a very competitive industry. We ensure that our interest rates are monitored regularly so that they remain at the sharp end of the market.

We can provide finance for a wide variety of agricultural assets, from cultivators, tractors and combine harvesters to livestock, robotic milking machines and crop sprayers, and we’ll guide you through every part of the agriculture finance process.

Having helped thousands of farm owners achieve business growth, we can help you with a tailored flexible agriculture finance funding solution from £10,000 to £500,000. We’ll even take the seasonality of your business into account when tailoring your payment plan.

Speak to one of our specialists today for more information.

Plant & Machinery Financing Solutions from Richmond Asset Finance

17th February 2021 / admin / Comments Off

The investment in effective agricultural plant machinery is essential for farmers and and contractors within the construction industry, in order to raise working capital and boost growth.

Construction and agricultural refinance releases funding when your business needs it more by advancing cash against uncertified applications for payment or staged invoices, which gives a safety net for finances, meaning businesses are no longer held back from making staff and supplier payments or taking on projects due to delayed payments. This innovative funding solution for the construction industry is sustainable and practical for all involved, providing pre-payments against applications and milestones for sub-contractors in which contracts with customers often create a barrier to traditional financing and refinancing options.

Through our construction finance solutions, our team at Richmond Asset Finance can help ensure your business and farm has a regular cash flow in addition to raising more capital for you to work with, which in turn will make it easier to run your business, pay staff, cover overheads and increase turnover. Not only this, but should you need to purchase new assets to enable the highest standard of service for your customers, construction finance can allow you to do so.

We provide construction finance and refinance for a range of different construction machinery and yellow plant.

Machinery Finance Yorkshire

4th January 2021 / admin / Comments Off

Asset Finance Solutions with Richmond Asset Finance Yorkshire.

Acquire the plant and machinery that your business needs to grow, without paying large upfront costs that can significantly dent your cash flow.

Fixed Term Hire Agreement

Fixed payments over a fixed period of time, with the option to gain ownership of the equipment at the end of the agreement.

Minimum Term Hire Agreement

Fixed payments over a minimum term, giving you the option to continue leasing the equipment after the primary term of the agreement has been reached.

Operational Lease

Lease the equipment without the hassle of ever owning it. The lender will consider its future value and take a residual risk in turn reducing the monthly payments. After the minimum term of the agreement is reached the lender will retain ownership of the equipment.

Sale & Lease Back

A quick way for your company to raise working capital against assets you already own. Transfer the ownership of your asset over to a lender, then make monthly repayments in order to keep using the equipment.

If you are interested in Machinery Finance and you are based in Yorkshire, Richmond Asset Finance are the lender for you.

Richmond Asset Finance can help you with the purchase of:

27th December 2020 / admin / Comments Off

Arable Equipment and Machinery – Tractors, Tillers, Rollers, Ploughs and Harrows.
Soil cultivation machinery – Cultivators and Ploughs.
Planting machinery – Broadcast Seeder and Reapers.
Balers & other Baling Equipment.
Animal Feed – Loans to purchase feed for Cattle, Sheep, Poultry, Pigs and other Livestock.
Cattle Equipment – Beef and Cattle Housing and Cow Feed.
Loader Equipment – Trailers, Trucks, Conveyor Belts and Telehandlers.
Fertilising equipment and spreaders – Manure spreaders, Muck spreaders and Silage.
Harvesters and sorting equipment – Harvesters, Combine Harvesters.
Dairy machinery – Milking equipment, Dairy feed, Dairy Cattle, Housing and Sheds.
Grain and feed stores – Grain Sheds, Dryers, Bulk Sheds, Crop Store and Silos.

Richmond Asset Finances knowledge and understanding of the market has enabled us to help farmers with the ever changing challenges they face. This has enabled us to always offer the best deals that are around.

With all the experience we have you know you’re in safe hands. Whether that’s been for a new tractor, plough or baler or for grain dryers, silos or cow sheds Richmond Asset Finance knows exactly what farmers face and can help them with both the expected and unexpected costs.

What is the importance of finance in agriculture?

20th December 2020 / admin / Comments Off

Farmers have been getting squeezed over the years often experiencing lower margins on their produce.

Whereas, the cost of operating a farm requires cash injections for a variety of reasons, such as, allowing farmers to replace machinery, invest in new efficient energy power, build new stores, purchase cattle etc.

For most farmers, accessing finance through traditional lenders such as banks is becoming more difficult and time consuming.

Using a specialist agriculture finance broker such as Richmond Asset Finance, can offer farmers preferential rates and flexible arrangements – and often much quicker.

Farm Machinery Finance by Richmond Asset Finance

10th December 2020 / admin / Comments Off

Richmond Asset Finance can finance any new or used piece of agricultural machinery and equipment with no age limitation, supplied by either a specialist agricultural dealer or bought privately through a fellow farmer or auction. Manufacturers subsidised finance is periodically available through Richmond Asset Finance.

Equipment we can finance include:

Tractors & self propelled
ATV & RTV
Grassland machinery
Cultivation machinery
Drilling & planting machinery
Harvest machinery
Livestock handling systems
Robotic milking systems
Grading lines
Farm security
Food processing units
Bottling plants
Livestock feed systems
Irrigation equipment

To find out if we can help finance your farm machinery in Yorkshire contact us today!

What are the types of agricultural finance?

30th November 2020 / admin / Comments Off

As farmers, your specialty more likely to be nurturing your animals, growing crops and harvesting to provide for the nation.

It’s unlikely to be in finance. We have answered some of the common questions we get asked:

There are a range of finance options available depending on what you need the finance for. It is best to speak to an experienced broker as they recommend an option which offers lower rates and lower repayments. Here are six to consider:

Asset finance – hire purchase or leasing options
Agricultural loans
Refinancing to release equity tied up in your existing machinery
Agricultural mortgages and bridging loans for farm and land purchases
Diversification finance
Renewable / green energy project finance

Farm Vehicle Finance

30th November 2020 / admin / Comments Off

Richmond Asset Finance can offer finance for all types of new and used vehicles used around the farm. Everything from quad bikes to commercial vehicles and trailers.

There are a wide range of finance options available to you – hire purchase, operating or finance lease, and conditional sale to lease back agreements.

Speak to our UK specialists in vehicle finance today and we can advise on the best option for you.

Quad Bike Finance
4×4 Pickups
Cars & Vans
Commercial Vehicles
Trailers

We can also help source your new vehicle as a significant discount over your local dealer.

Agricultural Equipment Finance

When you want to use better equipment to maximise the investment in your farm, then Richmond Asset Finance will take the hassle out of arranging finance to allow you to purchase agricultural equipment.

Investing in new equipment will improve your productivity and profits and make your life a bit easier.

We have access to over 150 lenders so we secure you the best deal on equipment finance we can. Here a few examples of equipment we can help with:

Irrigation Equipment
Livestock Handling Systems
Robotic Milking Systems
Food Processing Units
Feeding Systems
Water Tanks
Bottling Plants

Farm Finance Specialists

20th November 2020 / admin / Comments Off

Richmond Asset Finance are one of the UK’s leading brokers of farm finance for farmers in the north west including Yorkshire and Manchester.

We know that running a farm and looking at ways to minimise costs and increase your profits is not an easy task.

That is why UK farmers trust us to get them the best finance deal we can. Many farmers who we help have become repeat customers and friends.

They rely on us to arrange finance or loans for a range of agricultural assets – everything from chicken pullets, tractor finance to agricultural mortgages.

We can source great deals on almost every type of farm finance.

Farm Machinery Finance

Finance can be arranged for new or second hand farm machinery with no age limit*.

Whether you are looking to use hire purchase, lease or lease back agreements, we can advise you on the best options to secure the machinery you want.

Finance for machinery includes, but not limited to:

Tractors
Excavators
Combine Harvesters
Drilling & Planting Machinery
Cultivation Machinery
Grass Land Machinery

Tractor Sales Increase

10th November 2020 / admin / Comments Off

As demand outpaces supply, Oct tractor sales up 9 per cent over last year.

Tractor sales, including exports, rose by around nine per cent in October 2020 to 1,23,883 units from 1,13,638 units, a year ago. Though growth has come down year on year, in absolute terms it increased.

Companies say demand has outpaced supply in October and festival season footfall has been good. Analysts at Crisil expect domestic tractor sales to notch up 10-12% growth this fiscal, compared with a de-growth of 1% estimated earlier, as a raft of tailwinds lifts farm incomes despite the Covid-19 pandemic.

Tractor and Mechanization Association (TMA) data shows, of the 1,23,883 sales in October 2020, 8,728 are exports as compared to 1,13,638 units, including 6,749 exports in October 2019. Production in October 2020 was 1,08,873 units as compared to 68,454 units, a year ago.

Why should you finance your Agricultural Equipment?

30th October 2020 / admin / Comments Off

Richmond Asset Finance are dedicated to all your agricultural needs, including financing your farm machinery and agricultural equipment.

At Richmond Asset Finance we are dedicated to helping you invest in the productivity and future growth of your farm through good and bad times.

We provide you with easy to understand and affordable financing solutions that can be adapted to your circumstances. So whether you are an arable or livestock farmer, whether big or small, we have the financing solution for you.

We do more than simply provide financing, we build long-term relationships through trust.

Finance Lease

Although you never gain ownership of the equipment, a finance lease is similar to hire purchase in that you make regular fixed repayments over an agreed period, fully paying the cost of the equipment. A key difference though, is that VAT is payable on each lease payment rather than paying the full VAT due on the equipment at the outset of the agreement. At the end of the primary leasing period a nominal ‘secondary lease period’ annual payment is charged for continued use of the equipment. Alternatively you can arrange for the equipment to be sold to an unrelated third party for which you will receive the full sales proceeds.

Another key difference to the hire purchase option is that whilst you cannot claim capital allowances, you may be able to offset the lease repayments against any taxable profit.

You are responsible for the maintenance and insurance of the equipment.

Key benefits of Finance Lease:

The certainty of fixed term finance which can be withdrawn only if you do not keep to the terms and conditions of the contract.
The regular nature of repayments, and fixed interest rate, makes budgeting easier.
A cost effective way to fund your use of the equipment by spreading rentals over a fixed term.
Enhanced business cash flow with the ability to spread VAT across the life of the lease agreement.
A straightforward form of leasing which leaves you in a position to control the used equipment value.

Tip for farm crime prevention

22nd October 2020 / admin / Comments Off

When winter is approaching and clocks go back an hour as British Summer Time officially ends, it is a good time for farmers to review their security.

Farms in the autumn and winter months are dark and secluded places and can prove an inviting target for thieves who will be looking to steal farm vehicles, fuel, tools and equipment.

Statistically, October and November are the two months of the year when police receive more reports of burglary than at any other time.

With their isolated countryside locations, farmhouses, outbuildings, barns, garages and sheds are all prey for would-be rural thieves, who use modern technology including drones, Google Earth and sat navs to pinpoint their entry and escape routes.

But there are a variety of measures you can take to protect your property, land and livestock and discourage potential thieves.

Fuel

Fuel thieves often target farms under the cover of darkness when they are able to drain tanks within minutes if they are not properly protected.

Thieves use anything from basic plastic tubes to pumping apparatus to siphon off hundreds of litres of red diesel from tanks and farm machinery, causing huge financial loss and inconvenience for farmers.

Tip

To prevent theft, fit fuel bowsers with wheel clamps or hitch locks. Tanks should be housed in a secure location – within a shed (in line with regulations) or in a compound, such as a locked metal cage.

Consider fitting a remote fuel monitoring gauge and alarm system. Install movement sensors, CCTV and lighting around the tank.

Store machinery inside sheds using layers of security and ensure tractors are locked up at night. If machines must be kept outside, park with fuel caps against a fence or wall.

Lighting and CCTV cameras

Isolated farm buildings down dark lanes are easy for thieves to approach and hide in the darkness. Make sure you light up areas in and around your home and buildings.

Tip

Motion-sensor security lighting and CCTV cameras are a good crime prevention and detection tool. Thieves don’t want to be seen.

Install lighting and CCTV in access locations, vulnerable areas and around the perimeter of farm buildings, yards and houses. Consider audible and monitored intruder alarm systems.

With improving technology in this area and a reduction in the cost of CCTV systems, they can be bought for fairly modest sums. Many suppliers offer subscription services with text alert systems linked to mobile phones, tablets or computers, allowing you to monitor the farm 24/7 from anywhere in the world.

Farmers are embracing new technology involving infrared beams that set off voice warning systems and relay live footage to mobile phones.

UK farmers call for EU workers to bypass Covid quarantine

15th October 2020 / admin / Comments Off

An article in The Guardian newspaper has reported that there is likely to be a Christmas turkey shortage if EU workers not allowed in to work in British Poultry farms.

Poultry farmers are urging the government to lift travel restrictions to allow hundreds of specialist EU turkey pluckers to fill jobs in the UK, with a warning that there could be a shortage of birds or higher prices if the restrictions are not waived.

The proposed exemption would cover at least 1,000 seasonal workers who normally travel from Poland, Romania, Hungary, Bulgaria, the Czech Republic, Slovakia and Slovenia at the end of October to help slaughter, pluck and prepare birds destined for UK Christmas dinner tables. It says workers with typical two-month contracts will not come if they have to quarantine for two weeks upon arrival, even if they are provided with Covid-secure accommodation and “work bubbles”.

With lockdown forcing smaller festive gatherings, farmers are finding it difficult to predict consumer demand, and there are fears that larger birds will be out of favour.

Chicks – or poults – typically ordered in February grace the Christmas dinner table as fully grown birds the following year. According to the Department for Environment, Food and Rural Affairs (Defra), between January and June 2020 there were 6.2m poults being reared on farms, compared with 6.1m in the same period in 2019.

Intensive meat processing plants have already fallen victim to outbreaks of Covid-19. A thousand staff at Bernard Matthews’ facility in Holton, Suffolk, have been tested after 72 colleagues were found to be Covid-19 positive.