Agricultural producers across Delaware are increasingly choosing leasing options for equipment and facilities as the farming economy faces financial pressures. Financial experts report that cash flow constraints are driving farmers to explore alternative financing methods for essential operations.
Delaware’s agricultural community is increasingly embracing leasing arrangements as economic pressures mount across the farming sector. Financial institutions report growing demand from producers seeking alternative ways to acquire necessary equipment and infrastructure without straining their budgets.
Anjie Erbsen, who serves as a senior leasing specialist with Compeer Financial, explains that her work involves helping agricultural clients secure leasing arrangements for various operational needs including structures, grain processing systems, and farming machinery.
“We are in an area in the ag economy currently where cash flow is tight for many clients, so we also want to make sure” farmers have access to flexible financing options, Erbsen noted.
The shift toward leasing reflects broader challenges facing Delaware’s farming community as producers seek ways to maintain operations while managing financial constraints in today’s agricultural marketplace.
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