Bankbarn Powers Madero Dairy Systems Goal to Accelerate Technology Adoption on US Dairy Farms
On March 23, 2024, Bankbarn and Madero Dairy Systems executed a formal partnership in the US market to launch a competitive, efficient point of sale financing platform for Madero Dairy Systems equipment and technology.
Bankbarn’s innovative platform delivers a turnkey lending solution for dairy equipment dealers, competitive financing for farmers, and growth opportunities for Bankbarn’s lending partners.
Bankbarn sources multiple offers from top tier US lenders to ensure the best rate and flexible terms. Their platform leverages innovative software and direct bank integrations to approve financing and distribute capital within days, not weeks.
In addition, their lending network can competitively finance specialized dairy technology, such as cow monitoring and automation, which until now most dairies would have to pay in cash or rely on manufacturer leasing programs, which are known to constrain working capital for both OEMs and dealers.
Bankbarn is also partnered with leading US dairy processors to help introduce the industry’s first sustainable dairy technology program, which would help offset the upfront cost of various technologies, such as cow monitoring systems, milk meters, and automated milking & feeding systems, by measuring & verifying carbon intensity impact and then generating carbon credits for US dairy producers.
Arturo Gallardo- Madero Dairy Systems- US General Manager
“Dairy farms are going through hard times. Partnering with Bankbarn is unlocking pending projects and accelerating the recovery of farms by increasing efficiency through the utilization of technology in milk production, maximizing value for our clients. This collaboration gives a break to those dairy farms who are struggling due to economic factors”.
Scott Woodside- Bankbarn- Founder and CEO
“Ag financing is broken. At Bankbarn, we’re working to fix it. Our partnership with Madero is a key step toward unlocking faster, more competitive financing for the dairy industry. We are excited to work with the Madero team, as well as the broader dairy community, to help accelerate adoption of on-farm technology to increase profits and enhance sustainability.”
To date, Bankbarn’s platform has sourced over $10MM in total loans, secured rates for farms up to 2.5% APR lower than other lending options, and reduced closing times to days, not weeks.
If you are interested in adopting a new technology for your dairy farm or would like to learn more about Bankbarn’s financing platform, please contact:
Arturo Gallardo
arturogallardo@maderodairysystems.com
Phone: (832) 755-7341
12236 Cutten Road, Houston TX, 77066
Scott Woodside
scott@bankbarn.io
Phone: (559) 575-5081
601 California St, Suite 700, San Francisco, CA 94108
Madero Dairy Systems Business Overview
Madero Dairy Systems is a company that specializes in providing optimal and integral solutions for dairy farmers to reach the highest levels of efficiency and profitability.
More than 30 years’ experience, a research and innovation center and a selective formation of strategic partnerships, have positioned them as the true specialists in the planning, designing, and building of the largest, most technologically advanced dairy farms in the world.
Through research and development, they have successfully incorporated highly specialized sensor-based computerized management systems and the most advanced, farm-oriented automation in the world. All of this, to facilitate operation, maximize efficiency, increase productivity, and reduce production costs.
Bankbarn Business Overview
Bankbarn is the leading digital finance platform built by farmers, for farmers. We offer competitive operating and equipment financing, as well as financial management and risk solutions to help both farms and banks make better financial decisions, faster. Please go to bankbarn.io to learn more.
