John Deere Equipment Purchase & Financing in Ontario

The Spectrum of Ontario’s Industry

Ontario might be known as Canada’s hub of government and finance, but it’s also a force in the agricultural, food and beverage, auto, communication technology, biotech, and medical fields. Many of Ontario’s industries rely on the direct or indirect use of heavy equipment, and John Deere is a top provider of it. This includes:

• Combines to harvest the wide variety of grain crops grown in Ontario, such as soy, oats, wheat, barley, and rye
• Tractors for plowing, hauling, and harvesting food for people and livestock
• Excavators for trenching and use in the mining, construction, and forest industries
• Loaders to move a wide variety of items such as feed, dirt, snow, and sand
• Forklifts to carry and lift materials on work sites
• Backhoes for smaller excavations
• Skid-steer loaders for projects in tight spaces

Ontario’s Agriculture Industry Counts on Large Equipment

Ontario farmers focus on staples such as soy, grain crops, potatoes, apples, and corn, and the Canadian Centre for Innovation notes that “with over a billion dollars in sales in 2017 and more than 16,000 employees,” Ontario’s greenhouse industry is also a major player in the province’s agriculture.  During the 2016 census, there were over 70,000 farmers in the province, with many of those farmers relying on John Deere tractors, combines, and balers.

The Ministry of Agriculture reported that during the last census, over 165,000 tractors were in use on Ontario’s farms. The majority of those farms have revenues from $25,000 to $100,000 a year, and most are under 53 hectares. These smaller farmers are particularly in need of loans to support their equipment needs. Larger farms also require funds to invest in equipment, often bulk orders to match their growing needs.

Growing the Landscaping and Construction Business

As companies grow, they need to build, and Ontario’s construction industry relies on heavy equipment such as dump trucks, excavators, and bulldozers. Mowers, tractors, backhoes, and loaders also help move companies’ landscaping and ground maintenance along, making it simpler to maintain corporate grounds, golf courses, and other large landscaping projects. These industries help Ontario maintain and grow its diverse economy.

Ontario’s Forest Industry Relies on an Array of Heavy Equipment

In Ontario, forests cover almost two-thirds of the provincial land area. According to the Province of Ontario, “close to 90% of Ontario forests are publicly owned and known as Crown lands. 44% of these Crown lands are managed forests.” Forest managers also need to secure heavy equipment on a regular basis, including equipment such as skidders and wheeled feller bunchers.

Common Questions About John Deere Equipment in Ontario:

How do I choose a John Deere tractor in Ontario?

There are a number of key variables to consider when you are choosing a tractor, and your choice depends on your business needs. Think about variables such as weight, horsepower, size, price, and lift capacity of the tractor. Also, the time period that you hope to use the tractor for, will help you determine if you should buy new or used.

How much is a small John Deere tractor in Ontario?

John Deere compact tractor models in Ontario range from $10,000 to $30,000. The price of a new tractor is more expensive than buying a used one.

Can I buy used John Deere equipment in Ontario?

John Deere has certified pre-owned equipment so that you can find the equipment that’s right for your budget and feel secure that it will continue to work well into the future. You can also purchase used John Deere equipment in Ontario through independent dealerships or privately through online marketplaces.

How to finance John Deere Equipment in Ontario?

There are a few great options to get financing for John Deere equipment in Ontario. You can get financing from the dealership that you are buying the equipment from, you can also get financing from a bank or a credit union, or you can get financing online through fintech lenders.

Smarter Loans can help connect you with the top equipment financing companies for John Deere equipment and reputableJohn Deere dealers in Ontario that sell the equipment that you need. When you’re looking for an ally in your plans for business expansion, talk with us at Smarter Loans.