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Farm equipment holds value well and has a deep resale market, which supports longer terms and older units than most business categories.
| Tractors and combines | Long useful life. Financed new and used, with older units more readily accepted than in other categories. |
| Seeding and tillage implements | Strong resale. Often financed alongside the tractor. |
| Grain handling and storage | Fixed infrastructure. Longer terms available. |
| Irrigation and livestock handling | Financed as equipment, though some elements may be treated as land improvements. |
The defining feature of agricultural lending. Revenue arrives at harvest or at sale, and expenses run all year.
Financing structured on a monthly payment against seasonal income creates a squeeze every spring. Ask specifically about:
Seasonal or annual payment schedules. Some lenders will structure payments to fall after harvest rather than evenly across the year. This is standard in agricultural lending and rarely offered unprompted.
Skip-payment provisions through the growing season.
Term matched to the equipment's working life, which in agriculture is often longer than in other sectors. A well-maintained tractor works for decades, and financing terms can reflect that where the lender understands the asset.
Several cost less than commercial financing and are frequently unclaimed.
The Advance Payments Program. Federal, administered through producer organisations, providing cash advances against the value of agricultural products. A portion is interest-free. For eligible producers this is materially cheaper than any commercial alternative.
Farm Credit Canada. A federal lender specialising in agriculture, with terms built around the sector rather than adapted to it.
Provincial farm loan boards. Several provinces operate their own lending or guarantee programs.
The Canadian Agricultural Loans Act. Federal guarantees that let conventional lenders extend terms they otherwise would not.
Check these before commercial financing, not after.
Resale market depth. Mainstream tractors and implements from major manufacturers have deep secondary markets across Canada, which supports better terms. Specialised or region-specific equipment does not.
New against used. Agricultural equipment holds value comparatively well and used purchases are routine. Terms are shorter, scaled to remaining life.
Whether it is affixed. Grain handling and storage installed on the property is treated differently from equipment that rolls onto a trailer. Fixed equipment is harder to recover and finances accordingly.
Operation history and acreage, and for newer operations, off-farm income.
Both common in agriculture, and both need financing arranged in advance.
Auction settlement windows are short, often days. Arriving without approval means bidding on equipment you may not be able to pay for.
Private purchases need a lien search before money moves. In Canada a lien follows the equipment rather than the seller, and buying an implement with an outstanding registration against it means the lienholder can recover it from you.
Some lenders structure payments around harvest rather than evenly across the year. Ask specifically, since it is rarely offered unprompted.
A federal program providing cash advances against the value of agricultural products, with a portion interest-free. Worth checking before commercial financing.
Yes. Agricultural equipment holds value well and used purchases are routine, with terms scaled to remaining working life.
Yes, before any money moves. A lien follows the equipment, not the seller.
