Raven Industries equipment financing helps Canadian farms, custom applicators, and agriculture dealers acquire precision agriculture technology, rate control systems, guidance, steering, boom controls, and autonomous farming equipment without draining seasonal cash. Mehmi Financial Group finances new and used Raven equipment through equipment financing in Canada, helping operators preserve working capital for seed, fertilizer, chemical, fuel, labour, repairs, and crop-year expenses.
Raven Industries, now a brand of CNH, provides precision agriculture technology designed to automate and improve farming functions, including guidance, steering, application controls, boom controls, field computers, and autonomous systems. Raven describes its precision agriculture products as tools that simplify and automate farming functions to improve efficiency and profitability, while CNH completed its acquisition of Raven Industries in 2021 to strengthen precision and digital agriculture capabilities.
Financing Raven equipment can make sense because precision technology is often purchased to improve field efficiency, input control, chemical accuracy, operator productivity, and equipment utilization, but the upfront cost can compete with seasonal working capital. A custom applicator in Saskatchewan adding Raven rate control and boom height technology to a sprayer may prefer lease payments over using cash needed for chemical inventory, insurance, fuel, payroll, and repairs. GST/HST registrants can generally claim input tax credits on lease payments, while purchased equipment is usually handled through capital cost allowance. Mehmi can compare equipment leasing in Canada with purchase financing so the structure fits the farm’s crop cycle and cash-flow timing.
Raven financing can apply to new and used precision agriculture equipment, including field computers, rate control modules, guidance and steering systems, boom controls, individual nozzle controls, automatic boom height stabilizers, wireless technology, application controls, and autonomous farming platforms. Raven’s application and boom control products cover individual nozzle controls, automatic boom height stabilizers, and related spraying optimization tools, while its guidance and steering products include implement steering designed to follow guidance lines and reduce crop damage.
Common financed Raven equipment may include rate control systems, field displays, Slingshot connectivity, steering systems, sprayer controls, planter controls, boom height systems, VSN visual guidance technology, and OMNiDRIVE or related autonomy platforms when the asset and borrower profile are lender-acceptable. Raven also describes OMNiDRIVE as a driverless grain cart platform designed to improve field productivity. Approval depends on the system’s age, installed versus standalone status, serial numbers, software or subscription dependencies, compatibility with the tractor, sprayer, planter, or applicator, dealer support, proof of ownership, and resale demand. Standard terms are often 24 to 84 months, but older electronics, unsupported systems, or technology with limited standalone resale value may receive shorter terms or require stronger borrower credit. For broader agriculture structures, see farm equipment financing and financing farm machinery and implements in Canada.
A complete Raven Industries financing package usually includes a credit application, three to six months of original PDF bank statements, dealer quote or bill of sale, product list, serial numbers, photos, installation details, equipment compatibility notes, seller information, and a personal net worth statement. Financial statements are commonly required over $250,000, and a credit write-up is usually needed over $100,000. Clean dealer files can often be reviewed within 24–48 hours, while private sales, used technology packages, larger automation projects, or challenged credit files can take three to five business days.
Underwriters review character, capacity, capital, collateral, and conditions. Character means bureau strength, bank conduct, and non-sufficient funds. Capacity means whether farm or custom application cash flow can support the payment after seasonal expenses. Capital means down payment, liquidity, and net worth. Collateral means the Raven system’s age, components, installation status, transferability, compatibility, supportability, and resale value. Conditions mean crop type, province, acreage, time in business, purpose of purchase, and whether the technology is being added to productive equipment or replacing outdated controls. A common approval killer is a used private-sale precision technology package with missing serial numbers, unclear software access, uncertain compatibility, no installation quote, weak resale value, and repeated non-sufficient funds on bank statements. Mehmi Financial Group packages these files carefully, especially when private-sale equipment financing in Canada is involved.
Q: Can I finance used Raven Industries equipment in Canada?
A: Yes, used Raven precision agriculture equipment can be financed in Canada when the system is properly documented, transferable, compatible with the buyer’s equipment, and still has collateral value. Approval depends on age, serial numbers, software access, installation status, dealer support, equipment compatibility, seller type, and borrower credit. Dealer sales are usually cleaner than private sales because ownership, condition, and support details are easier to verify. For older technology purchases, used equipment financing in Canada explains how lenders view second-hand assets.
Q: What Raven Industries models does Mehmi Financial Group finance?
A: Mehmi Financial Group can review Raven field computers, rate control modules, guidance and steering systems, boom control systems, individual nozzle controls, automatic boom height systems, sprayer and planter controls, wireless technology, and eligible autonomous farming platforms. The model name matters, but lenders care more about whether the system has clear ownership, serial numbers, supportability, and practical resale value. Raven’s product categories include application and boom controls, guidance and steering, and other precision agriculture technologies.
Q: How long does approval take?
A: Clean dealer Raven files can often be reviewed within 24–48 hours once the application, bank statements, equipment quote, and product details are complete. Used equipment, private sales, automation packages, or weaker credit profiles may take three to five business days. Delays usually come from missing serial numbers, unclear installation costs, software-transfer questions, lien concerns, or bank statements not supplied as original PDFs. Agricultural dealer transactions may move faster when the quote and equipment details are complete, as explained in agricultural equipment dealer financing.
Q: What documents do I need to apply?
A: You usually need a credit application, three to six months of original PDF bank statements, dealer quote or bill of sale, product details, serial numbers, photos, compatibility notes, seller or dealer information, and a personal net worth statement. Financials are commonly required over $250,000, and a credit write-up is usually needed over $100,000. Private-sale Raven purchases also need seller verification, lien search, bill of sale, proof of payment, and confirmation that software, controls, and components can be transferred. A clear installation quote can strengthen files involving sprayers, planters, or retrofit systems.
Q: Is leasing or buying Raven Industries equipment better for my Canadian business?
A: Leasing is often better when the farm or custom applicator wants predictable payments, working capital protection, and a structure that matches crop-year revenue. Buying may work better when the business has excess cash, wants ownership immediately, and expects to use the technology for several seasons without major upgrades. Precision agriculture equipment can improve productivity, but technology changes faster than heavy iron, so term length should be matched carefully to useful life and supportability. A business loan calculator can help estimate payment comfort before applying.
Q: How does goods and services tax or harmonized sales tax work on leased Raven Industries equipment in Canada?
A: The lender usually pays GST/HST at purchase and passes applicable taxes through each lease payment. GST/HST registrants can generally claim input tax credits on those lease payments, subject to normal tax rules and proper documentation. PST applies to financed or leased equipment in British Columbia, Saskatchewan, and Manitoba, while QST applies in Quebec. Farms and custom applicators should confirm treatment with their accountant before signing.
.avif)
.svg){kind=small}