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Open in new window Leasing vs. Buying Farm Machinery

Kevin C Dhuyvetter, Jeff Williams, and Troy J. Dumler ( October, 2010 )

Summary

Machinery and equipment expense typically represents a major cost in agricultural production. Purchasing equipment with the use of personal or business equity and loans from financial institutions or equipment manufacturers has been the typical method of obtaining machinery services for most farm operations. Producers are considering other options for obtaining machinery services due to increasing equipment costs, obsolescence of owned equipment, and limited sources of outside debt capital. These options include leasing equipment, renting equipment, and obtaining machinery services from custom operators (i.e., custom hire).


Details

Publisher Kansas State University
Publication Date October, 2010
Publication Views 483
Material Type Written Material

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