Equipment Finance Solutions Allow Farmers to Capitalise on Exciting Business Opportunities as Optimism Returns to Sector Sydney 22 April 2021 Few industries have faced the challenges the Australian agriculture sector has confronted in recent years, but with optimism now having returned to the sector, so has a renewed focus on how to sustain the momentum into the future and maintain the drive nationally for increased productivity, efficiencies and sustainability. A prolonged drought, fires and even floods, trade tensions and finally a global pandemic have issued a unique set of challenges to Australian agriculture, but the likes of much-needed rain and government assistance schemes have started to relieve some of the stress, with a boom in agricultural machinery sales one of the signs of better times ahead. "A bumper winter grains harvest, government incentives for businesses, bouyant commodity prices and improving weather conditions are all contributing to this renewed level of optimism in the industry so it’s certainly a great time for farmers to capitalise on these factors and initiate greater productivity and profitability in their operations,” said newly-appointed National Sales Manager for CNH Industrial Capital, Claire Miles. CNH Industrial Capital is the financial services arm of CNH Industrial, one of the largest equipment manufacturers in the world, and in Australia has more than 40 years’ experience offering finance solutions to customers across the agriculture, construction and commercial vehicle sectors. The increasing adoption and utilisation of technology is one of the factors on which increased farm efficiences and enhanced productivity hinge, providing farmers with a greater range of insights and information tools in order to meet future challenges. Claire said the CNH Industrial Capital team was always looking for new opportunities for their customers to help improve the day-to-day running of their businesses and allow them to take advantage of the technology advances that will help Australian farmers remain at the forefront of global food production. Unlike many of its competitors, CNH Industrial Capital allows customers to exit a contract early without incurring early termination fees, to remove any hurdles to upgrading machinery. “With the announcement by government last year of the expansion of the instant asset write-off scheme, allowing any business with a turnover of under $5 billion to temporarily fully expense the value of multiple assets, there really is no time like the present to upgrade equipment on the farm. In the run up to the end of the financial year, CNH Industrial Capital is also offering very competitive finance rates and repayment options.So there are great opportunities available and we’d urge customers to seek expert financial advice from their accountant so they’re across all their options.” With CNH Industrial encompassing companies like Case IH, New Holland Agriculture and Iveco, which manufacture agricultural machinery and commercial vehicles, Claire said CNH Industrial Capital was in the unique position of being able to offer customers a manufacturer-operated finance product through a large network of dealerships. “We know the equipment sold through these dealerships and have a genuine understanding of the industries in which our customers operate. For the Australian agricultural industry, there’s the challenge of variable returns, seasons and income and we have products and policies in place to work with our customers as they face these” Claire said. “We also appreciate these situations will turn around, but until they do we see a big part of our role as doing everything we can to support our customers through the challenges, which could include refinancing, restructuring the loan or even deferred payments. We want to work with them to provide both advice and understanding, and find a suitable solution. The last thing we want to do is add to the worry of what is an already stressful time.” Flexible payment options that acknowledged the seasonality and income cycles of many of their customers were key, Claire said, ensuring that payments are made when income comes in. CNH Industrial Capital has products that also include finance for the service, warranty and maintenance costs of a machine, meaning the total cost of ownership for a purchase can be known for the term of the loan. “Our team feels privileged to do what we do and pride ourselves on the knowledge of the industries in which our customers operate, and the relationships we build with our customers. Our suite of finance solutions can be tailored to suit any business, and the trust our customers have in us, and respect we have for them, is at the forefront of everything we do,” Claire said. CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com CONTACT: Peter Elias Marketing and Sales Support Manager CNH Industrial Capital Australia Pty Ltd Tel: 1800 807 934