Hagie
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Mehmi Financial Group helps businesses finance and lease Hagie equipment, including sprayers, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Hagie units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Hagie
Hagie Manufacturing builds high-clearance self-propelled sprayers. In March 2016 Hagie formed a joint venture with John Deere, integrating into Deere's sales and service channel, according to Hagie. Deere bought the remaining ownership in 2020, according to AgWeb.
Hagie equipment
Hagie sprayers are used by large row-crop farms and custom applicators for spraying and detasseling.
How lenders view sprayers
Self-propelled sprayers are high-value seasonal assets. Lenders review hours, boom width, tank size, technology and the farm's or applicator's income. Custom applicators may be asked for customer acres and past income.
Financing Hagie sprayers
Annual or seasonal payments are common. Deere dealers, Farm Credit Canada, banks and independent lenders can be compared.
How Hagie equipment financing works
Most Hagie purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.
What lenders check on a Hagie sprayer
Lenders look at hours, maintenance history and how payments fit your crop or livestock cash cycle. Seasonal or annual payment schedules are common for farm equipment.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and hours, and financial statements or tax returns for larger amounts.
See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.
All Hagie models with financing pages
| Model | Type | Category |
|---|---|---|
| Hagie | Equipment | Farming |
| Hagie High-Clearance Sprayer | Sprayer | Farming |
Tax treatment of Hagie equipment
In Canada, the CCA class depends on the asset and how it is used. Your accountant can confirm the right class. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.
End-of-term options on a Hagie lease
A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.
Who finances Hagie equipment
Farming: grain and oilseed farms, dairy and livestock operations, custom operators, orchards and vineyards, and agricultural contractors finance Hagie equipment to take on new work, replace aging units or add capacity.
The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.
Questions to ask the dealer or seller before you finance
- What is the exact model year, serial number and hours?
- Is there a service history or recent inspection report?
- Is any warranty or extended coverage included, and does it transfer?
- Are attachments, delivery, installation and taxes itemized on the quote?
- For a private sale, is the equipment free of liens, and who will provide the bill of sale?
Insurance on financed Hagie equipment
Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.
Frequently asked questions
Can I finance a used Hagie sprayer?
Yes. Lenders review hours, boom, tank and technology.
Is Hagie owned by John Deere?
Deere took full ownership of Hagie in 2020.
Can a custom applicator finance a Hagie?
Yes. Lenders may ask for customer acres and income.
Can I get annual payments?
Many farm lenders offer annual or seasonal payments.
Can precision technology be included?
Usually, if it is on the same invoice.
Should I compare Deere financing with other lenders?
Yes, especially for used sprayers.
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