Getting a Handle on Equipment Costs

by Brent Gloy and David Widmar

With farm income remaining depressed, managers are keenly focused on ways to improve their efficiency and cost competitiveness.  Examining their investment in farm equipment is undoubtedly one area that deserves attention.  Farm equipment generates a significant portion of the costs associated with farming.  In our experience, they are also one of the items that people have the most difficulty evaluating and managing. (more…)