Combine - Purchasing Vs. Renting

When you decide on owning a Combine machine, whether you buy or rent, or yet to decide, the more knowledge you have about your existing utilization and the budget for your production, the more accurate decision you will make. In case of renting, all this information will help you create a better-structured agreement for a suitable level of utilization for your farm.

A new combine will definitely be more efficient in the fields than an ageing one, but renting gives you the chance to take advantage of this benefit at a comparatively low cost.

Utilization data should be your key when deciding on whether to buy or take combine on rent. As all farmers know, though it is about one of the most significant farm expenses, a combine is the minimum utilized of all farm machinery with a rate of utilization about 7% in a year.

A lot of farmers even whose land warrants purchase consideration, do not think that the price is justified for a farm machine that sits idle most of the time in a year, and therefore they decide to rent and use the capital in other parts of their business.

When we talk about the event of crop loss, rental equipment brings a lesser load than ownership. If you have financed the combine, the dealer will not stop your payments, while the combine continues depreciating in value even if it is not in use.

Farmers should know that the combine machine they purchased depreciates every year whether used or not. Thus, renting is an economical option as they do not need to suffer due to crop failure as they own machine on rent.

If you have sufficient information, and clearly know the pros and cons and all the possibilities, and evaluate them against your particular situation, you will certainly make a smart decision for your farm.

Benefits of Hiring a Tractor on Rent

If you own a hobby farm, you might be wondering should you buy a farm tractor or not. Even if you are a hobby farmer or it is a part-time venture for you for seasonal farming or purely for recreation, the answer is yes! A small farm tractor for your farm will help to make your farm more efficient and also saves your time. The tractor is needed for multiple farming operations such as cultivating land, ploughing, harvesting crops, build fences, pulling implements and haulage and many others.

Yet is it worth buying for a hobby farm? Or would it be an asset worth investing in? A hobby or seasonal farmer may think that, as farm tractors are one of the most expensive farm machinery. Thus, hiring a tractor on rent would be the best option in such cases. Many farmers and dealers rent out the idle tractors when not in use.

Farmers, who use their tractors only to produce some seasonal crops earn money by renting it out to fellow farmers. This not only gives them financial benefits but also save the tractor from covering in the dust.  The process of renting in and out has also become easy, as many equipment rental companies have launched their online farm equipment rental platform where a farmer or dealer can rent out their tractor by listing their product to the needy fellow farmer.

Renting a tractor is cost-friendly for a farmer and also lets them use the latest technology tractors from known brands like Kubota, Class, Case IH and John Deere.