Major unveils new finance partnership

Derek Casey

Derek Casey

MAJOR EQUIPMENT used its recent factory open day to announce a new partnership with First Citizen Agri Finance DAC that will offer customers flexible finance packages for agricultural machinery purchases.

The First Citizen Agri Finance team were part of the largest agri and motor finance businesses in Ireland (Permanent Tsb Finance) for many years.

Major and First Citizen Agri Finance say the deal will allow them to create tailor-made financial packages for farmers. Martin Walsh from Major said:

“Farmers are still facing difficulties accessing finance. First Citizen Agri Finance understands that farmers need quick decisions and approval. We are delighted with the service they have given our customers to date and look forward to a very successful partnership.”

Major Equipment will be hoping the new partnership will spur tanker sales under the Targeted Agricultural Modernisation Scheme (TAMS). Under this scheme, farmers can avail of up to 40pc grant aid (subject to a maximum eligible investment of €40,000, or €60,000 in the case of a joint application or partners under a registered partnership) to purchase certain types of low emissions slurry spreading equipment.

Grant aid is only available for the purchase of a slurry tanker or umbilical slurry spreading system if it includes one of the following spreaders: a dribble bar (or band spreader); a shallow injection attachment; or a trailing shoe attachment.

An application is ineligible if one of these three spreaders is not attached. A slurry tanker must have a spreader fitted and cannot be fitted with a rain gun.

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Grant aid can also be sought for retrofitting an existing tanker so long as the spreader being retrofitted is the dribble bar type.

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