For farmers asking the age-old question “Should I buy or lease?” the answer is unique to many factors, including the type of equipment they select, their taxable earnings and their business goals.

Yankee offers a new, low-cost pickup
lease program.

Some farmers say obtaining a Yankee Farm Credit loan and buying equipment is the way to go. They want to take advantage of Yankee’s low interest rates and enjoy their annual patronage refund check. Perhaps they’ve decided that an equipment loan is less expensive in the long run because they want to keep the equipment longer than the lease term and they can avoid the cost of buying the asset at the end of the lease. They also want to take advantage of Yankee’s low financing costs.

Other farmers who plant and harvest high-value crops with specialized equipment say that a Yankee Farm Credit lease is the better deal. These farmers probably have high taxable income and want the faster write-off that a lease offers. Maybe they want to avoid the risk that new technology would quickly turn their investment obsolete. Or they could be growing their operation from generation to generation and need the working capital required for an equipment loan down payment.

By working with your Yankee Farm Credit loan officer or tax specialist, you’ll find each financing option has advantages with regard to convenience, flexibility and tax obligation. Since Yankee offers both loans and leases, we can help you decide with an open mind which option is best for you. In the end, you may decide that it makes sense to obtain a loan for a piece of equipment, but you’d prefer to lease a pickup.

Pick Up A Lease With Us

In the market for a pickup truck or a sport utility vehicle (SUV)? Be sure to contact us about our “Pick-Up-a-Lease Program.” Our association buys all our business vehicles through Farm Credit Leasing because they negotiate large fleet purchase discounts with manufacturers or dealers. We can make similar truck or SUV lease discounts available to you, too.

Our program is also easy to use. Just pick out your vehicle, choose your options and talk to your loan officer. Your vehicle will be delivered to the local dealer that you select. You may be surprised to find that the best place to lease is at Yankee Farm Credit!


This letter appeared in a recent issue of Financial Partner (F.P.) magazine, Yankee Farm Credit's customer publication. Click here if you would like to start receiving F.P. magazine in the mail.

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