Are you looking for a new tractor for your farm or homestead? There are many needs to consider when choosing what farm equipment to purchase.
What to think about when buying farm equipment
Farming in different areas of the country varies so much. I am amazed at the different techniques we use farming in Idaho. Especially compared to other areas of the country or even the world. From combines to balers, there is an unbelievable number of machines for farm managers to choose from. When you consider how machine intensive this industry has become, you easily see why the purchase of agricultural machinery must be done with a great amount of consideration.
Is it cost effective
Your decision can make or break you. Many farmers have their favorite brands of equipment, and even then there is a lot more than meets the eye when it comes to selecting the best machine for your farm specifically. Thus, no matter what type of farm machinery you are looking to purchase, read on to discover a few tips you need to know that may influence your decision…
There is only one place to begin and this is of course with the cost of the agricultural machinery. No matter what business you run, every type of expenditure needs to be scrutinised to ensure you are running cost-efficiently.
When it comes to farm machinery you first and foremost need to begin by taking into account how much it is going to cost you to purchase the actual machine. Don’t forget you are going to have various different options at your disposal. Financing and indeed electing to lease or rent the machine instead of purchasing it. Most farmers prefer to buy machinery, because they then know that it is theirs.
What will it cost to maintain
However, for start-ups and small companies, it can sometimes be impossible to contend with the large costs of purchasing a machine. Aside from this, you also need to think about the running costs of the machine, as well as maintenance and trailer repair. Sit down and do your calculations. You need to be sure that the machine is going to make you a profit, not run you into the ground. After all, a machine could be extremely low in cost to buy, yet could cost you a fortune every day on the farm.
In addition to thinking about the purchase cost and the running costs of agricultural machinery, there are many other different factors you need to bear in mind. One of the main ones is the scale of your farm. Many farmers find themselves purchasing new machinery to accommodate the fact that they are either upsizing or downsizing their farm. In this instance, not only do you need to ensure that the machines are going to be a perfect fit for the size of your farm. But, let’s say your farm is growing, you need to be certain the benefits of purchasing said machinery outweigh the costs.
It is very easy to believe you need new machinery especially when your farm expands. In all reality it is all about making the right purchase. Moreover, you should consider what you actually grow and do on your farm. Soil quality, what you grow, and the makeup of your farm is very important when purchasing equipment.
The size of your farm is very important also. If you have a large farm or a small farm, consider the size of equipment you would use. Can you justify buying big new equipment. Time is money and small equipment may not be able to handle your harvesting tasks in a timely manner on your farm.
Where to purchase the equipment
Last but not least, don’t forget to make sure you buy your agricultural machinery from a credible company. Look for one that has a good reputation in the industry. Talk to your neighbors and friends that are farmers. This will especially help if you are new to farming or new to the area. After all they probably have a pretty good idea of what works best for your area.
You should also read reviews on the machine that you are considering. This should alert you to any red flags and ensure you don’t buy a machine with a bad reputation. All in all, if you consider all of the points that have been mentioned you cannot go wrong.