Top Five Agriculture Equipment Lenders Account for 84.5% of May Total

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 12,623 new agriculture equipment related filings during the month of May 2018.

The top five lenders, in filings, included:

  • Kubota Credit (4,141)
  • John Deere Industrial Credit (3,450)
  • Mahindra Finance (1,126)
  • CNH Industrial Capital America (1,013)
  • DLL (932)

The top five accounted for 84.5% of the total, or 10,662 units. The top lender, Kubota Credit, accounted for a 32.8% share of the total.

The top five agricultural equipment buyers (location/brands/filings) included:

  • M T A Farms (Washington/Deere/55)
  • Triangle Grading & Paving (North Carolina/Deere/50)
  • Dixie Lawn Service (North Carolina/Kubota/20)
  • Cross Plus Construction (Texas/Kubota/20)
  • State of Rhode Island Division of Statewide Planning (Rhode Island/Kubota/15)

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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Terry Mulreany
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