Dutch lessor, De lage Landen (DLL) and
Lely Industries, the robotic milking equipment provider, have
created a joint venture in the form of Lely Finance.
The vendor finance agreement will see DLL act as the exclusive
financial and asset finance provider for Lely Group in the US,
Canada, Australia, France, Germany, Italy, Netherlands, Poland,
Spain and the UK.
Aart van’t Land, vice president of dairy equipment of Lely
Industries said: “We have observed that dairy farmers are
increasingly interested in alternative financing schemes. To cater
for that demand, we have selected a partner who is perfectly
abreast of local legislation as well as existing financing schemes.
Through this partnership, we can provide our customers with various
financing options that will enable them to achieve the required
size of their dairy farm.

Phil Green, president of global business unit food &
agriculture at DLL added:” It is a privilege to work with a vendor
partner as innovative and creative as Lely. In addition to further
expansion into new territories, further cooperation projects and
options for DLL to provide inventory finance are also being
considered.”