Hay & Forage Equipment Financing

Finance large square and round balers, windrowers, mower-conditioners and forage harvesters — full hay packages on a single schedule. Representative example: a $165,000 baler runs about $3,100/month.*

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The Baler Reality

Hay is three or four cuttings with weather windows measured in days, and the equipment has to be ready for all of them. It's also the one crop where the buyer is often a livestock operation financing against a feed cost avoided rather than a bale sold — which changes what the payment should be measured against. Either way, hay equipment is bought as a set: mower, rake, baler. Financing it as three separate deals is three times the paperwork for one season's work.

Built for This Asset

Structures priced by people who know what a baler earns and how it holds value — not a generic credit box.

Agriculture & Farming Expertise

Part of our Agriculture & Farming vertical: payment structures matched to how this industry's revenue actually arrives.

Backed by $1B

A $1B forward flow agreement with TPG gives Elevex institutional capital strength with entrepreneurial speed.

What We Finance

Large square and round balers
Self-propelled and pull-type windrowers
Mower-conditioners and disc mowers
Forage harvesters and heads
Rakes, tedders, mergers and wrappers
Used balers and trade-up packages

Payment Structures

The differentiation: four ways to own the same equipment, engineered to your cash flow. Compare them side by side on our structures page.

Operating Lease

Off-balance-sheet treatment with end-of-term flexibility — return, renew, or purchase. Often the right answer when technology cycles or accounting outcomes drive the decision.

$1 Buyout Lease

Own the equipment for one dollar at term end. Fixed payments, full Section 179 eligibility, and a clean path to ownership.

Seasonal & Step Payments

Payments that follow your revenue curve — lighter in slow months, heavier in peak season, or stepping up as new equipment ramps to full production.

Usage-Based & As-a-Service

Payments tied to hours, output, or consumption. The category Elevex is defining: pay for what equipment achieves, not what it costs.

Learn more about financing structures

How It Works

Three steps from quote to funded.

1 · Apply in Minutes

Application-only to $1,000,000 — no tax returns or financials below that threshold. Have your equipment quote, auction listing, or build spec ready.

2 · Structure Together

A finance professional (not a portal) walks the structure options — term, seasonality, end-of-term — and prices the deal to your cash flow.

3 · Fund in 24–48 Hours

Most transactions fund within 24–48 hours of signed documents. Your vendor gets paid; you get to work.

Common Questions

Can a full hay package — mower, rake, baler — go on one schedule?

Yes, even across different dealers and brands. One schedule, one payment, one term matched to the set.

Can payments be timed to cuttings rather than months?

Yes. Payments can land after each cutting, or as a lump after the last one, depending on whether you sell hay or feed it.

Can I finance a used baler?

Yes — used baler financing is standard business, whether the unit comes from a dealer, an auction, or a private seller. We value working assets on condition and remaining service life, not a blanket age cutoff, and set terms the equipment can actually support.

Does a baler qualify for Section 179?

Most business-use equipment placed in service this tax year qualifies for Section 179 expensing, financed or purchased outright — often meaning the first-year deduction outruns your first-year payments. Run your numbers on our Section 179 calculator and confirm specifics with your tax advisor.

How fast can hay & forage equipment financing close?

Application-only decisions to $1,000,000 come back in minutes for qualified credits, and most deals fund within 24–48 hours of signed documents. Apply online with your quote to start.

Ready to finance your baler?

Payments built on outcomes, from the team that knows your industry. Equipment sellers: offer financing at the point of sale with CapVex.

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