Tips For Finding Farm Equipment On A Tight Budget

If you have a need for additional farm equipment, but you are trying to stick with a tight budget, you will want to check out the following tips. After all, there is no point in spending more money than you have to, especially when there is a good chance that there are a few other things you might want to do for your farm.

Contact The Local Auction Companies

When you live in a community with a lot of farms, there is a good chance that some of the local auction companies might have some upcoming events where there will be some farming equipment. This could be due to some farmers retiring or passing away, or they could simply be looking to sell their used equipment so they can have some money to put towards the purchase of brand new equipment. When calling, make sure that you are ready to write down any information that you are given, so you can remember which auction house has the most used farming equipment coming up in future sales.

Spread The Word

You will want to make sure that everyone knows that you are in the market to purchase some used farm equipment. Talk with all of your friends who are farmers and post some flyers around the local farmers' markets and flea markets. On the flyers, you will want to briefly explain the type of farming equipment you are looking for. This way, should someone have what you need, they might stop to consider whether they need it anymore and whether they could sell it to you in order to make a little money for themselves. Then again, if you don't have much money to work with, you could always advertise that you are willing to trade work for equipment. Many farmers find themselves in need of help, especially when it comes time to start gathering all of the hay bales in a field.

Find A Loan You Can Afford

Even though you might have to pay out a little more over time due to the interest that you would be required to pay, the cost broken down monthly might be the best option for you. Make sure that you are looking for lenders who are known for working well with farmers in order to give yourself the best chance of being approved. Also, it is important to know that some lenders might lend the money, but only if you are purchasing brand new farming equipment with it. This is because the new equipment holds more of a value and it will usually be used as collateral in case you default on your loan.

With those three tips in mind, you should find that it is going to be easy enough for you to find all of the farming equipment that you need. To learn more, contact a company like Big Springs Equipment