Decision making

Five things to Consider Before Buying Farming Equipment. 

The agricultural and farming industries has changed to greater levels over the last few decades. New technologies has come in and implemented, production has increased, labour cost and farming risks have been affected in one way or another. 

Plough
Semi-mounted reversible plough

If you are looking to buy farm equipment for large scale operations, consider the following. 

1.The type of farming tools required. 

Understand which type of farming tools you require that would be the most beneficial to you and invest in them accordingly. There are numerous farming tools and implements which can be used in and around the farm at some point or the other. Determine if you need a specific tool for only a special task or if you need a more versatile implement that can carry out numerous task. 

To consider is also the size of your farm while selecting tools and implements, for example if you have a large farm you can consider buying a rotating plough and a furrow plough to maximize harvest, for a small farm, you might just be able to buy one item and it will still do well. 

2.Set a budget for the equipment and implements 

Before you walk into the shop to purchase, set a budget for the equipment. This will help you you out in making the right choices without harming your pocket. 

Farming equipment comes in a wide range of of prices and, quite often, equipment that lies in the middle range offers a good balance between cost and durability. 

While setting your budget, consider factors like, how long you want to use the equipment and how often you want to use it. 

If it’s a tool you are going to use once or twice  a year, then it won’t be wise enough to spend too much on it. 

3.Keep an eye on local regulations. 

Some equipment require training so that you can operate and handle them safely. You must check with local regulations for driving and handling especially when driving on the road. 

Different regulations apply in different areas, so check with your local authorities. 

4.Always compare the range of available options. 

Compare multiple models and types of the same farming equipment that you want to buy. Don’t just buy the first equipment you come across so that you can be sure about getting a good deal. 

In most equipment, additional features shoot up the price of the tool. So check all the features that are available and determine if you really need those features or not. 

5.Purchasing new vs used. 

You can either decide to purchase new or used equipment. 

The advantage of purchasing new equipment include income tax considerations and new technology, which will help in increasing productivity and efficiency. 

On the other side, you can buy used equipment if you want to maintain control over certain equipment operations and find that new equipment is not economically efficient. Used machines are also good as back up unit. 

Make sure you fully consider the scope and depth of the farming operation and requirements before you purchase any equipment. 

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