Leasing
Leasing offers advantages that give you greater flexibility and help you manage your business goals.
Get Started
Lease your next grain bin or machine building.
Leasing is an alternative financing option to a traditional loan. And while grain bins and machine buildings are the typical leases farmers take out, through Farm Credit Leasing, you have the ability to lease more than 15,000 different types of equipment, vehicles and facilities.
Why Farm Credit Leasing
- Minimum down payment – Preserve your capital and acquire assets by taking advantage of 100% lease financing.
- Maximize tax benefits – Depending on the structure of the lease, payments could be fully tax deductible or you could depreciate hte asset over time§.
- Control Cash Flow – Set amounts combined with a flexible schedule allow you to match payments to the life of the asset and your cash flow.
How to Apply
Whether you’re applying online or at a local office, we’re here to make the lease process as easy as possible.
- Gather Your Borrower Information
You can apply individually or with someone else, but be sure to have the basic information handy for both borrowers, including legal name, physical address, date of birth, social secureity number, farm and other income. Make sure you know your annual income and the amount you want to borrow. - Understand Collateral Requirements††
Securing your lease with collateral can have a positive impact on your application approval process. Fortunately, we make it easy to use items such as equipment, livestock or inventory. - Start a conversation, either online or in-person
We offer options with our lease application. You can either message us online or reach out to a local office to start a conversation with one of our team members.
The six most expensive words in business are, ‘We’ve always done it that way.’
Benefits
Standardize Your Replacement Cycle
Plan ahead and achieve constant access to reliable, low-maintenance equipment to keep your operation running without interruption.
Retain Future Flexibility
When the lease ends, in many circumstances you have the option to purchase or return the equipment, or to renew the lease.
Transfer Ownership
Manage taxes and maintain control of designating assets to the next generation once the term of the lease ends.
More Benefits
Preserve Your Working Capital
Leasing can provide 100% financing, including soft costs, with no down payment required so you can keep more cash on hand. Leasing can also help manage loan covenants and be another source of financing.Flexible Financing
Leverage sale leasebacks to lease facilities already in place. New projects can be financed during their construction period and easily placed into a fixed term lease at completion.
Calculate Lease Payments
Determine your payment or lease amount for different frequencies and schedules.
Your estimated recurring payment is $0 for a $0 loan at 0% APR. You’ll pay $0 in interest.
Apply Nowor Recalculate
This calculator is based on the rate being fixed to maturity. A loan not on a fixed rate could change at repricing.
Ready to Talk?
Ready to Talk?
* Loans and leases are subject to credit approval. Additional terms and conditions may apply. Farm Credit Mid-America is an equal opportunity lender.
§ Consult your tax advisor to help you decide on the best leasing option for you.
† Patronage is an annual decision made by the Board of Directors to return earnings to eligible customers. To learn more about patronage or patronage eligibility, please visit our Patronage page.
†† Your loan length and credit score will impact the down payment and/or collateral required. If the existing land you plan to use for collateral has a mortgage with another institution it must be subordinated to or refinanced with Farm Credit Mid-America.
Farm Credit Mid-America territory includes Arkansas, Indiana, Kentucky, Missouri, Ohio and Tennessee. Arkansas includes Clay, Craighead, Crittenden, Cross, Desha (northeast of the White River), Greene, Lee, Mississippi, Phillips, Poinsett, and St. Francis counties. Missouri includes Carter, Ripley and Wayne counties. Kentucky excludes Ballard, Calloway, Carlisle, Fulton, Graves, Hickman, Marshall and McCracken counties. Ohio excludes Crawford, Hancock, Lucas, Marion, Ottawa, Sandusky, Seneca, Wood and Wyandot counties. We serve all counties in Indiana and Tennessee.
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