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Leasing for agricultural machinery - a promising solution for agriculture in Romania

Among the industries in Romania, agriculture is the most dynamic sector of recent development. Although in statistics things seem to have an upward trend, according to the Ministry of Agriculture and Rural Development, at the local level, indigenous agriculture does not have a sufficient level of equipment, the equipment and equipment used being worn out and outdated from a technological point of view, which has a negative impact on productivity.

Both lowland and mountain farmers are forced to support their work through production systems based on outdated mechanisation and inadequate buildings/storage facilities, which do not meet European quality standards. According to the National Rural Development Plan for the period 2014-2020, tangible assets did not comply with production conditions, with a large proportion of farmers having difficulty adopting modern technologies due to their own financial shortfalls and reduced access to funding sources.

The same source reveals that more than 73% of agricultural machinery, tractors and harvesting combinations have an outdated life, with agricultural machinery used up to 3 times the European average. These worrying figures are contrasting with Romania's agricultural potential, with our country ranked 6th in the European Union in terms of the agricultural area used. However, only half of this potential is harnessed, with the lack of high-performance agricultural machinery and equipment translating into a low production yield and a decreased harvest.

Throughout this equation, the main factor in changing the situation is the use of new machinery and equipment. On the one hand, they contribute significantly to increasing productivity and harvesting capacity, and on the other hand, to reducing costs and fuel consumption. All these advantages have a notable positive impact on agricultural production potential compared to the use of old and used machinery.

Given that most agricultural machinery and equipment on the domestic market are produced before 1989, the only viable option for farmers is to invest in new ones. According to the European Committee of Agricultural Machinery Manufacturers' Associations, between 2018 and 2023, the agricultural machinery market at European level is estimated to grow by 5.8%.  However, the Romanian market is a slow one compared to other European countries, the main reason being the lack of information on the process of purchasing agricultural machinery, with many farmers believing that the process is a cumbersome and difficult one.

 

How can financial leasing help increase productivity in the agricultural sector?

 

For farmers who do not have the necessary financing to purchase new equipment and equipment, financial leasing is an effective solution for increasing crop productivity and quality.

Compared to other financing solutions, the main advantage of financial leasing is the speed with which funds can be accessed, with some leasing companies having a system of rapid approval of documentation for application.

Here are the other advantages of financial leasing for agricultural machinery and equipment:

  • the purchase of the necessary agricultural machinery and equipment shall be carried out with a minimum of financial resources;
  • installments are seasonal, payments being made according to the company's receipts;
  • the contractual period is flexible (between 12 and 96 months);
  • at the end of the contractual period, the person who accessed the fund shall become the owner of the machinery or equipment purchased, paying the residual value and any payment obligations, as set out at the beginning of the contract;
  • application documentation and reduced bureaucracy;

 

OTP Leasing Romania helps farmers increase their productivity

 

AgriLeasing is a financial product leasing agricultural machinery intended for producers and designed to help them develop their production and improve their working process.

Here are some advantages of AgriLeasing:

  • Seasonal maturity, adapted to the agricultural activity of each applicant
  • Advance starting at 5%
  • Funding period of up to 96 months (for used equipment and machinery, the age of the good will be combined with the financing period)
  • Immediate access to the use of the good
  • Financing in LEI or EUR.
  • Quick approval in 24 hours
  • Simple documentation and reduced bureaucracy.

 

AgriLeasing

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