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Feb 27, 2024
Farm equipment can be highly specialized and designed to meet specific needs, so finding the right machinery may unlock your farm’s full potential by allowing it to perform more efficiently and become more automated. When it’s time to look for equipment, where do you turn?
Luckily, several options are available to find new and used farm equipment, including:
Local auctions
Online sales sites
FBN® Community
Online forums
Local auctions can be a great place to find used equipment at competitive prices. Typically held by auction houses or agricultural organizations, local equipment auctions are usually advertised in local newspapers, community bulletin boards and online listing sites like Farm Auction Guide.
The ability to physically inspect equipment
Unique deals on rare and specialized items
Direct interaction with sellers
Competitive bidding
Limited warranty or support
Most auctions sales are sold “as-is”
[READ NEXT: Which Ownership Metrics Should You Consider Before Making an Equipment Purchase? ]
Online platforms have revolutionized the way farm equipment is bought and sold. Often offering a wide range of new and used equipment for sale, sites like Purple Wave Auction and TractorHouse allow farmers to browse through listings, compare prices and contact sellers directly to make a purchase.
Wide selection of equipment options
Convenient online shopping
Access to detailed equipment information and user reviews
Limited inspection access
Complicated shipping logistics
Potential for fraudulent listings and scams
FBN’s Community Forum is an exclusive way to interact with fellow farmers on a diverse range of agricultural topics. The member-driven community provides access to deep, hands-on knowledge, educational resources and support from peers in the ag space who experience the same daily challenges.
To search for machinery or equipment being sold by other FBN members, navigate to the Community tab in the FBN app and select ‘For Sale’ from the category options.
Access to the exclusive forum with verified farmer members
A broad network of insight and knowledge from fellow farmers
Get access to additional reports and digital tools on the FBN platform
You must be an FBN member to post — but membership is free. Sign up today!
[FREE DOWNLOADABLE RESOURCE: Equipment Loans 101 Guide]
Beyond developing online farming communities and fostering enthusiastic discussion on various topics, dedicated agricultural forums offer a wealth of information on equipment, including buying and selling machinery. Examples of popular online forums dedicated to equipment include Heavy Equipment Forums - Agricultural Equipment, Ag Talk - Machinery Talk and Agriville.com - Machinery & Equipment.
Experienced insights from fellow farmers
Direct communication with sellers and buyers
Inaccurate information
Lack of warranty or protection
While equipment can often be prohibitively expensive, financing is often an option to help address the cost to your operation. Whether you’re considering buying or leasing equipment, FBN Finance could offer the right financing solution to purchase equipment to improve and further scale your farm.
A farm equipment loan from FBN Finance offers terms of up to seven years and requires the following:
a minimum loan amount of $10,000,
a 20% down payment, and
the equipment to be 14 years old or newer.
Financeable equipment includes:
Tractors & combines | Windrowers | Implements |
Forage harvesters | Balers | Semi-tractors |
Application equipment | Irrigation equipment | Grain trailers |
If you want to learn more about farm equipment loans, the FBN Finance team can help explain the application process and ensure it’s the right fit for your operation.
Complete the brief form below, click here, or call 866-619-3080 to speak with a loan advisor today.
© 2014 - 2024 Farmer's Business Network, Inc. All rights Reserved. The sprout logo, and “FBN” are trademarks, registered trademarks or service marks of Farmer's Business Network, Inc.
The material provided is for information purposes only. It is not intended to be a substitute for specific professional advice. Neither Farmer’s Business Network nor any of its affiliates makes any representations or warranties, express or implied, as to the accuracy or completeness of the statements or any information contained in the material and any liability therefore is expressly disclaimed.
Financing offered by FBN Finance, LLC and its lending partners. Terms and conditions apply. To qualify, a borrower must be a member of Farmer’s Business Network, Inc. and meet all underwriting requirements. Interest rates and fees will vary depending on your individual situation. Not all applicants will qualify. NMLS ID: 1631119.
Feb 27, 2024