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The farming industry encompasses a large variety of specialties. At Innovative Lease Services, we know that it is important for us to support the efforts of the great individuals who supply our country with food. With this in mind, we've had established programs since 1986 that are available for members of the farming industry.
The more products your business can produce, the more money that you make. We know that it's important to you to maintain a high level of efficiency. Every hard worked hour that you put into your business, you deserve the highest level of output from your equipment. It is important for your business to have the best available farm equipment to maintain this high level of efficiency. Unfortunately the capital required to do this is not always readily available within the budget. This is why many companies decide to go with leasing as a great tool to continue to acquire the equipment necessary to maintain an advantage in their marketplace.
Leasing your farm equipment is a great way to increase cash flow while conserving the capital you have for payroll, misc. expenses, and utilities.
Equipment Leasing is Tax Friendly! The government has put programs into place to help businesses like yours to continue to grow (pun intended!).
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Farm Equipment that we finance:
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While there are limited restrictions on the type of farm equipment we finance, here are some examples: |
2WD Tractors
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4WD Tractors
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Harvesters
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Cotton Pickers/Strippers
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Lifters
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Diggers
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Bale Wrappers
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Blowers
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Drills and Caddies
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Air Seeders
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Spreaders
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Spreaders
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Pumps
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Tanks
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Barn Equipment
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Dairy Equipment
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Fencing
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Combines
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Forage
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Mowers
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Trailers
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Recent Dental Equipment Transactions funded by the ILS Dental Equipment Leasing Division: |
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$ 39,000 |
Tractor for a Farmer in KY |
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$ 40,000 |
Combine for a Farmer located in OH |
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$ 17,000 |
Tractor for a Company located in CA |
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$ 60,000 |
Tractor for a Farmer located in ID |
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$ 25,000 |
Harvester for a Company located in TX |
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$ 66,000 |
Multiple types of Equipment for a Farmer in ID |
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$ 33,000 |
Trailer and Combine for a Company in CA |
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$ 103,000 |
Farming Equipment for a Farmer in KY |
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January 26th, 2009 - While the Agricultural Industry has not been exempt from the recent economic downturn in 2008 and early 2009, there are ways to "recession-proof" your business to navigate through these tough times. It's important to keep your balance sheet on an even keel until macroeconomic conditions improve.
Things to consider:
•Enroll in ACRE - Average Crop Revenue Election (The new farm bill program) allows crop producers the ability to substitute a gross revenue protection plan for the current price counter cyclical program with guarantees based on higher price levels and current yields.
•Shop around for Inputs - Depending on your supplier, and when they booked their costs for fuel, pesticides, fertilizer, and other inputs, prices could have impacted the sale price dramatically. Check in periodically with your supplier to see if this is true for them.
•Document Yields for a possible insurance or SURE payment - Crop producers may be eligible to receive an insurance indemnity payment due to the falling prices, rain damange, or floods that occured in '08.
•Purchase new equipment utilizing the tax benefits of a Lease - Now more than ever is the time to purchase new equipment with a lease option. Saving your capital for other expenses is a MUST.
•Know your costs of production - If you are one of the many who are feeling the demand decrease, now is an optimal time to review your entire business model. Often when times are great, business owners get caught in the "grind" of things and avoid spending time on perfecting their business. Now is the perfect time to review your efficiency.
December 31st, 2008 - If you purchased and put into use new farm equipment in 2008 you are eligible to write off that purchase using Section 179 of the IRS tax code. If you aren't utilizing the increased write-off amount ($250,000), your business might be missing it's full potential. That could mean real-money-in-your-pocket, back from the government! Find out more at our Section 179 section.
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