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Salford launches financing program in Canada

Tillage and seeding equipment maker Salford Farm Machinery has brought a new financing program north for its Canadian customers.

Under the new program, announced Sept. 14, Canadian farmers can buy new equipment sold at authorized dealer locations with “low-rate options, flexible terms and seasonal repayment plans,” the company said in a release.

The Salford Finance Program, already available to the company’s customers in the U.S. market, is operated in partnership with Agricredit Acceptance, a subsidiary of De Lage Landen Financial Services.

“We want to help farmers meet their business objectives,” Jim Boak, the company’s national sales manager, said in its release. “This new finance program is another way Salford is helping the agricultural industry remain competitive.”

Current economic conditions have made it “increasingly difficult” for many businesses to secure credit otherwise, the company said.

Salford operates in both the U.S. and Canadian markets, with facilities at Osecola, Iowa, south of Des Moines, and at Salford, Ont., east of London.

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