Asset · Equipment Finance

Agricultural equipment
finance for Australian
farmers

Fast, flexible finance for tractors, harvesters, seeders, sprayers, and full farm equipment packages. We compare 50+ lenders, including rural specialists who understand how farming income works.

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Pre-approval in as little as 24 hours
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Seasonal repayment structures available
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50+ lenders compared in one application
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Low doc pathways for primary producers
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50+
Lenders compared
24hr
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Deposit options
5.0★
Google rating
100%
Australian team

At EasyAsset, agricultural equipment finance is one of our core specialisations. Whether you are financing a tractor, header, combine harvester, seeder, sprayer, baler, irrigation system, or a full farm equipment package, we work with rural-specialist lenders who understand how farming income works. We help clients navigate chattel mortgages for farm equipment, seasonal repayment loans, low-doc primary producer finance, and equipment leases every day. If it works your land and your operation depends on it, we can finance it.

Finance options

Which type of agricultural equipment finance suits your operation?

The right structure depends on your GST position, whether you want to own the equipment outright, and how your farm generates income. Here are the main options.

Chattel mortgageMost popular

You own the equipment from day one. Claim depreciation and interest as tax deductions. Best for GST-registered primary producers using the equipment primarily for business purposes.

Finance lease

Lender owns it, you use it. Fixed lease payments, fully deductible as expenses. Good if you prefer to upgrade to newer equipment at end of term rather than hold through its full working life.

Commercial hire purchase

Hire now, own at the end. Fixed repayments over the term, ownership transfers on final payment. Interest is deductible, a solid middle ground for established farming operations.

Seasonal repayment loan

Repayments aligned to harvest income. Repayments are structured around your income calendar, such as post-harvest or post-shearing, rather than fixed monthly amounts. A critical option for farmers with seasonal cash flow.

Low-doc farm equipment loan

No full financials required. For primary producers without up-to-date tax returns. Typically needs ABN, primary producer status, and bank statements. Suitable for farming businesses with variable annual income.

Sale and leaseback

Already own it? Free up cash. Sell existing farm equipment to a lender and lease it straight back, unlocking working capital for seasonal costs without losing access to the machinery your operation depends on.

Typical scenarios

3 typical agricultural equipment finance scenarios

From a single tractor to a full harvest machinery package, here is how the numbers typically look across different farm finance needs.

Entry level
$85,000
John Deere 5075E utility tractor — used, 3 yrs old
TypeChattel mortgage
Term5 years
Rate (est.)7.9% p.a.
DepositNone required
Approval pathLow doc
Estimated monthly repayment
~$1,720
or seasonal lump sums post-harvest
Mixed cropping or small grazing operation
First tractor or replacement unit. Low-doc approval on ABN and bank statements. Seasonal repayment option available.
Mid range
$320,000
Case IH Axial-Flow header — used, 4 yrs old
TypeChattel mortgage
Term5 years
Rate (est.)8.2% p.a.
DepositNone required
Approval pathFull doc
Estimated monthly repayment
~$6,520
or 2 seasonal repayments per year
Grain or broadacre cropping farm
Full financials provided. Seasonal repayment structured around harvest income. GST input tax credit claimed on next BAS.
Full package
$950,000
Full harvest package: header, tractor, seeder, sprayer
TypeChattel mortgage
Term7 years
Rate (est.)7.4% p.a.
Deposit10%
Approval pathFull doc
Estimated monthly repayment
~$13,850
or structured seasonal repayments
Large broadacre or cropping enterprise
Bundled equipment package. Full financials, strong income history. Structured to align with harvest income cycle.

Indicative repayments only. Actual rates depend on your profile, lender, and product. Speak to our team for a tailored quote.

Repayment calculator

Estimate my repayment

Adjust the sliders to estimate your farm equipment repayments. Speak with our team for an exact quote based on your operation and the specific equipment.

Loan amount $320,000
Loan term 5 years
Interest rate 8.0% p.a.
Repayment frequency
Estimated repayment
$6,497
per month
Loan amount$320,000
Total interest—
Total repayable—
Number of repayments60
Get an exact quote →
Indicative only. Actual repayments vary based on lender, credit profile, and fees. Seasonal repayment structures available for primary producers.
Structure recommender

Not sure which structure is right for your operation?

Answer 4 quick questions and our AI will recommend the best finance structure for your farming situation, instantly, with no phone call needed.

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4 questions · Takes about 30 seconds · Instant recommendation

Seasonal vs standard

Seasonal repayments versus standard monthly repayments

This is the most important decision point unique to agricultural finance. Farmers earn in seasonal cycles, not monthly, and your repayment structure should reflect that.

Seasonal repayments
Standard monthly
Seasonal repayments Farm-specific
Repayments aligned to your harvest calendarInstead of fixed monthly payments, repayments are structured as one or two lump sums per year timed to when your farm actually earns, typically after grain, hay, cotton, or wool sales.
Preserves cash flow during the growing seasonNo repayments during planting or growing periods means you can direct cash toward inputs, fuel, and labour when you need it most without worrying about loan repayments.
Requires specialist rural lendersMost mainstream lenders only offer monthly repayments. We work with rural-specialist funders who specifically offer seasonal and balloon repayment structures for primary producers.
Works well with Farm Management DepositsFMD balances can be used strategically alongside seasonal loan repayments. Your accountant can structure both to optimise your tax position in high and low income years.
Standard monthly repayments Lower total cost
Lower total interest over the loan termMonthly repayments reduce the outstanding principal faster than seasonal structures, meaning you pay less total interest over the life of the loan. The trade-off is cash flow pressure during lean months.
Simpler budgeting and accountingA fixed monthly amount is easier to plan around and integrates cleanly with accounting software. Suitable for farms with diversified or more consistent income streams.
Available from more lendersStandard monthly repayment loans are offered by the broadest range of lenders, which typically means more competition and potentially better rates than specialist seasonal facilities.
Best for irrigated or diversified operationsDairy, irrigated horticulture, and diversified livestock operations with more consistent monthly income often find standard repayments workable rather than a burden.
Tax benefits

Tax benefits of financing farm equipment in Australia

Primary producers have access to some of the most favourable tax treatment available for any asset class in Australia. Structured correctly, farm equipment finance is highly tax-effective.

01
Interest deductions on chattel mortgage
The interest component of each repayment is fully deductible as a business expense for primary producers, reducing taxable farm income across the life of the loan. Combined with depreciation, the real after-tax cost of financing is significantly lower than the headline rate.
02
Instant asset write-off for primary producers
Under current ATO rules, eligible primary producers may be able to write off the full cost of new or used farm equipment in the year of purchase. This is particularly powerful for high-income years where reducing taxable farm income is a priority, and can be combined with Farm Management Deposits.
03
GST input tax credit claimed upfront
GST-registered primary producers can claim the full GST on the equipment price on their next BAS, not spread across repayments. On a $320,000 header that is over $29,000 back in your cash flow at the start of the loan rather than at the end.
04
Farm Management Deposit integration
FMDs allow primary producers to set aside pre-tax income in high-earning years and draw it down in lower-income years. Coordinating your equipment finance repayments with FMD drawdowns can significantly smooth both your tax position and your cash flow across seasons.
05
Depreciation on older equipment
Even older farm equipment financed under a chattel mortgage generates depreciation deductions. The rate depends on the equipment type and ATO effective life rulings. Your accountant can advise on the most advantageous depreciation method for your specific machinery.
Eligibility

Who qualifies for agricultural equipment finance in Australia?

Most Australian farming and agricultural businesses with an ABN can access equipment finance, including new farmers, established operations, and agricultural contractors.

Primary producer status and ABN
An active ABN and primary producer status are the baseline requirements. GST registration is typically needed for equipment over $75,000 to claim the input tax credit. Many rural lenders specifically cater to primary producers rather than general business borrowers.
Seasonal and variable income accepted
Lenders familiar with agriculture understand that farm income is not monthly and consistent. Many accept seasonal income patterns, averaging income across years, and farm management deposit balances as evidence of financial capacity.
Low-doc pathways for primary producers
If your tax returns are not current or your income varies significantly year to year, low-doc lenders accept bank statements, BAS, and an accountant's letter confirming primary producer activity. Drought and flood years are understood.
Older and high-hour equipment financed
Agricultural equipment works for decades. Many rural-specialist lenders finance machinery that mainstream lenders will not touch, including older tractors, headers, and implements with high hours. Age caps are more generous than in general equipment finance.
Agricultural contractors and share farmers
Contracting businesses that operate farm equipment commercially and share farmers with formal agreements can both access equipment finance. Lenders assess the underlying income source, not just property ownership.
No property security required
Agricultural equipment finance is asset-secured. You do not need to put your farm property on the line to qualify. The equipment itself is the collateral in most structures, protecting your land from being tied to equipment loans.
How it works

Pre-approved in 4 simple steps

1

Submit your details

Fill in the quick form above. No credit check, no commitment. Tell us what equipment you need and how your farm earns. Takes about 2 minutes.

2

We match you to lenders

A specialist matches you to rural-focused lenders from our panel of 50+ based on your operation type, income structure, and the equipment being financed.

3

Get pre-approved

Pre-approval in as little as 24 hours, so you can confirm your order with the dealer or seller before the equipment is snapped up by someone else.

4

Settle and get to work

We handle the paperwork. Funds go directly to the seller and the equipment is yours. Seasonal repayment schedule confirmed if applicable.

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No credit check · Takes 2 minutes · Pre-approval in 24 hours
FAQ

Agricultural equipment finance FAQ

What farm equipment can EasyAsset finance?+
We finance all major agricultural equipment categories: tractors, headers, combine harvesters, seeders, planters, sprayers, balers, hay equipment, irrigation systems, grain silos, livestock handling equipment, quad bikes, and farm utilities. Both new and used, from all major brands including John Deere, Case IH, New Holland, Fendt, Kubota, and Massey Ferguson.
Can I get seasonal repayments on farm equipment finance?+
Yes. We work with rural-specialist lenders who offer seasonal and irregular repayment structures specifically for primary producers. Repayments can be timed to align with your harvest, shearing, or other income events rather than fixed monthly amounts. This is one of the most important features we look for when matching agricultural borrowers to lenders.
Can I finance older or high-hour farm equipment?+
Yes. Agricultural equipment has a much longer working life than most other asset classes. We work with rural lenders who finance older tractors, headers, and implements that mainstream lenders will not consider. Age caps and hour limits are more generous in agricultural finance than in general equipment or vehicle finance.
I have variable farm income and no current tax returns. Can I still apply?+
Yes. Low-doc pathways are well established for primary producers. Lenders familiar with agriculture understand that farm income varies due to seasons, drought, floods, and commodity prices. Bank statements, BAS, and an accountant's letter confirming primary producer activity are often sufficient. Drought and flood years are understood and generally do not disqualify an otherwise strong borrower.
Do I need to use my farm property as security?+
No. Agricultural equipment finance is asset-secured in most structures, meaning the equipment itself is the collateral rather than your farm property. This keeps your land free from being tied to equipment loans, which is particularly important for farming families who want to protect the farm from equipment finance risk.
Why do Australian farmers choose EasyAsset for equipment finance?+
We specialise in agricultural and rural equipment finance, which means we know which lenders offer seasonal repayments, which accept older machinery, and which understand variable farming income. We compare 50+ lenders in one application including rural-specialist funders not available through mainstream brokers. Our 5.0 Google rating reflects years of helping Australian farmers finance the equipment their operations depend on.
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