Renting vs. Owning farm Equipment

Renting vs. Owning farm Equipment

If you are a small scale of a farmer and willing to buy a new agriculture machine then you need to take care of credit cards and fill the garage, shed and every available space with the equipment.
There’s a better way, and that’s to rent agriculture equipment and tools. Here are three good reasons that it’s better to rent, rather than buy.

•    If you are willing to purchase modern agriculture machine then you need to take care of space for storage but in case of renting you don’t need to worry about this issue
•    Purchasing farm equipment always need maintenance and repair but in case of renting You don’t need to worry about any  maintenance and repair hassles
•    For buying new agriculture equipment we require a lot of capital but in case of renting, we don’t require that much amount of capital.
So overall we can say for the small scale of farmer renting farm equipment is better than buying farm equipment