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.
Yes! Farmers can finance agricultural equipment like tractors, harvesters, and sprayers through equipment loans, leases, and USDA-backed financing programs.
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
You can finance virtually every piece of equipment used in modern farming:
Utility and row crop tractors
Compact and sub-compact tractors
4WD articulated tractors
Combine harvesters
Forage harvesters
Cotton pickers
Windrowers
Boom sprayers
Self-propelled sprayers
Fertilizer spreaders
Plows, cultivators, seeders, balers
Grain carts and augers
GPS precision agriculture systems
Trailers, loaders, and attachments
Traditional term loans
through banks or credit unions
Fixed or variable interest rates
Up to 7–10 year terms for heavy machinery
Lower upfront cost than buying
Ideal for upgrading frequently used equipment
May include maintenance and repair services
USDA Farm Service Agency (FSA) loans
Great for beginning farmers or underserved communities
Low-interest rates, generous repayment terms
Direct financing from equipment manufacturers like John Deere, Case IH, or Kubota
Promotional rates and seasonal payment options
Flexible access to working capital
Use as needed for new or used equipment purchases
Related: Using Equipment Financing to Improve Your Business Credit
| Equipment Type | Estimated Price | Monthly Payment (5 yrs) |
|---|---|---|
| Compact tractor | $30,000 | ~$550–$600/month |
| Combine harvester | $400,000 | ~$7,000–$7,400/month |
| Boom sprayer | $80,000 | ~$1,400–$1,500/month |
| Mid-size tractor | $75,000 | ~$1,300–$1,400/month |
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)
Finance tractors, sprayers, harvesters, and more
Choose from loans, leases, or USDA financing
Maintain working capital and improve farm efficiency
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.
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.