Knowledge of the different types of leases will help dealers offer farmers the one that best suits their needs.
During my nearly 30 years in the equipment finance industry, I have witnessed several financial cycles that have impacted the agriculture equipment market. These ranged from the 1980s, when farm foreclosures and consolidation of equipment dealers and manufacturers marked a low point in U.S. agriculture, to the 2000s where we have seen explosive growth in both size and scope of farming operations and dealer groups.