Top Five Agriculture Equipment Lenders Account for 83.1% of March Total
MAY 3, 2018 - 2:42 pm
Statistical data for the agriculture equipment market provided by EDA showed the top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 7,408 new agriculture equipment related filings during the month of March 2018.
The top five lenders, in filings, included:
John Deere Industrial Credit (2,337)
Kubota Credit (2,018)
Mahindra Finance (652)
CNH Industrial Capital America (644)
AGCO Finance (502)
The top five accounted for 83.1% of the total, or 6,153 units. The top lender, John Deere Industrial Credit, accounted for a 31.5% share of the total.
The top five agricultural equipment buyers (location/brands/filings) included:
West Wheatland (California/Deere/13)
Frederick Belk Farms (Mississippi/Deere/12)
Sharpe Land & Cattle (Missouri/Deere/12)
Gary Smith SLS INC (Arkansas/LS-Tractor/11)
The EDA IndustryInsight trend charts provide monthly statistical data on UCC financing activity in the U.S. for sale and lease transactions of equipment.
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