Financing Agricultural Equipment: Tractors, Harvesters, and Sprayers

Running a successful farm means having the right tools—tractors, harvesters, sprayers, and more. But this essential equipment comes with high price tags. Whether you’re scaling your operation or replacing aging machines, financing agricultural equipment offers a practical way to get what you need without depleting your working capital.

Can You Finance Farm Equipment Like Tractors and Harvesters?

Yes! Farmers can finance agricultural equipment like tractors, harvesters, and sprayers through equipment loans, leases, and USDA-backed financing programs.

Why Finance Agricultural Equipment?

Farming is capital intensive—and today’s equipment isn’t cheap. A new combine harvester can cost over $400,000, while even a mid-size tractor can run upwards of $75,000. Financing helps you:

• Preserve cash flow for feed, labor, and maintenance

• Spread costs out with predictable monthly payments

• Access modern, fuel-efficient, and tech-enabled machines

• Improve productivity and reduce downtime

• Take advantage of Section 179 tax deductions (ask your CPA)

Related: Cost-Benefit Analysis: Leasing Equipment vs. Paying Cash

What Agricultural Equipment Can You Finance?

You can finance virtually every piece of equipment used in modern farming:

🚜 Tractors

• Utility and row crop tractors

• Compact and sub-compact tractors

• 4WD articulated tractors

🌾 Harvesting Equipment

• Combine harvesters

• Forage harvesters

• Cotton pickers

• Windrowers

💨 Application & Spraying Equipment

• Boom sprayers

• Self-propelled sprayers

• Fertilizer spreaders

🛠️ Other Farm Equipment

• Plows, cultivators, seeders, balers

• Grain carts and augers

• GPS precision agriculture systems

• Trailers, loaders, and attachments

Top Agricultural Equipment Financing Options

1. Farm Equipment Loans

• Traditional term loans
  through banks or credit unions

• Fixed or variable interest rates

• Up to 7–10 year terms for heavy machinery

2. Equipment Leasing

• Lower upfront cost than buying

• Ideal for upgrading frequently used equipment

• May include maintenance and repair services

3. USDA Equipment Financing

• USDA Farm Service Agency (FSA) loans

• Great for beginning farmers or underserved communities

• Low-interest rates, generous repayment terms

4. Vendor Financing

• Direct financing from equipment manufacturers like John Deere, Case IH, or Kubota

• Promotional rates and seasonal payment options

5. Operating Lines of Credit

• Flexible access to working capital

• Use as needed for new or used equipment purchases

Related: Using Equipment Financing to Improve Your Business Credit

Estimated Equipment Costs & Monthly Financing Payments

What You’ll Need to Qualify

To apply for farm equipment financing, be ready to provide:

• Business plan (for new farms) or proof of farming income

• Equipment quote or invoice from a vendor

• 2+ years of tax returns or financial statements

• Credit score
  (generally 600+ preferred)

• Down payment (not always required, but helpful)

Summary: Financing Agricultural Equipment 

• Finance tractors, sprayers, harvesters, and more

• Choose from loans, leases, or USDA financing

• Maintain working capital and improve farm efficiency

Final Thoughts: Upgrade Your Farm Without Breaking the Bank

The right equipment makes all the difference in modern agriculture. With flexible financing options, you can invest in the machinery you need to boost yields, save time, and stay competitive—without compromising your operating budget.

Take Action: Apply for Agricultural Equipment Financing Today

Ready to power up your farm with modern equipment?
Apply now for farm equipment financing and get the tools you need to grow your operation—tractors, sprayers, harvesters, and more—on a plan that fits your budget.