To produce a crop once in a year, farmers have to invest
in expensive equipment that they use for a few months in a year. And that piece
of equipment goes outdated in two to three years because of the new technology
added in the same machine.
In today’s rapidly changing world farm mechanization is
also majorly affected and the farm equipment manufacturing companies are
consistently upgrading and launching new farm tractors and implements.
Although if you own machinery you don’t need anymore
there maybe someone else, who need it. You may sell or rent it out to the
farmer who needs it. There are several online farm equipment buy, sell and
rental platforms that allow farmers to sell or rent out their equipment when
they are not using it.
As an owner, to sell or rent out the equipment, you just
need to create a listing of the equipment with the pictures, specifications,
model, built and usage data. You need to provide the dates for your equipment
availability and the rate per day or hour use.
The perfect advantage of sharing your equipment is the
additional income you can make. When it is the season for you to take rest,
maybe a farmer is planning to plant something that he would need equipment for.
So this can be a great opportunity for him to rent farm equipment nearby
without bearing the cost of purchase.
For farmers who want to rent a piece of equipment, there
are multiple benefits to renting. First and most importantly they have access
to the equipment without a burden of investing in a new piece of equipment.
Farmers who like to use upgraded technology can hire a
piece of equipment as per their choice without a huge investment. Renting also
allows them to switch from one equipment to another at a lower cost in case
they need crop-specific equipment.
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