Ben Rice | Agriculture Industry Representative
How do you decide on your equipment replacement strategy? Should you add equipment as your farm grows, or replace equipment as needed? My family bought more acreage this year and we are working on adding new equipment, next year we’ll focus on replacement. Here are some different approaches to consider for your farm equipment replacement plan:
At Caterpillar, we have national offers on equipment and attachments as well as leasing, loans, and more via Cat Financial. You can set up annual or monthly payments and include seasonal skip payments if needed.
Be sure to also do your research on farm machinery programs through your local extension offices that can help with purchasing new equipment through grants or loans.
Be sure to set some time aside to consider why and when you should replace your aging farm equipment, then put some thought into your farm equipment replacement plan and financial planning. This kind of business planning is essential to keeping your operation running smoothly for years to come. If there’s anything we can do to help, please contact your local Cat dealer or request information from Cat Financial directly.
Agriculture Industry Representative
Having spent his formative years on a tobacco farm, Ben Rice went on in the agriculture field to earn degrees in Agriculture Business Management and Agriculture Science from North Carolina State University. Rice now brings his invaluable expertise to Caterpillar as an industry sales and service representative.
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