i belive of machines, their ownership is feasible if the agricultural ownership is large. As for the small spaces, it is costly, especially as they are subject to diminishing returns.
Small farmers can gather together and own agricultural machinery and equipment
It solely depends on your financial stability in the business and the need to increase production. Before buying any agricultural machines, there are some factors to consider: the cost (both production and maintenance), size of land, labour requirement, and among others.
If all these factors don't favour the current position of the business, then there is an absolute need to rent.
Nevertheless, breakeven analysis can also help in your decision.
It is better to lease the machinery than to buy one. The cost of maintenance is not involved in leasing and also serving the principal and interest in borrowing the money will add to the total cost.
No i am not related to buying or selling farm machinery . my expertise in farm machinery sector and working as teaching faculty in Navsari Agricultural University.
When considering AG services for your farm, it is important to find equipment that works for your needs. However, many pieces of equipment can cost millions of dollars to purchase. If you have the money or the source of loans, it may seem obvious that outright owning your equipment would be the best approach here.
امكانية الشراء او الايجار تعتمد على نوع التجارب او حتى الحقول المزمع اجاراء التجارب اوزراعتها ومساحتها بعض الاحيان المكننة لايمكن استخدامها في جميع الحقول ...
Agricultural machinery is purchased or rented according to the needs of the farmer or according to the type of crop or according to the area under cultivation...
When considering AG services for your farm, it is important to find equipment that works for your needs. However, many pieces of equipment can cost millions of dollars to purchase. If you have the money or the source of loans, it may seem obvious that outright owning your equipment would be the best approach here.
However, the best AG services may not require that you own all of your equipment. In fact, there are many pros to renting that you should consider. That said, renting has many negatives that shouldn't be ignored. The secret lies in identifying the cost and use analysis of both ideas.
The answer depends on several indicators, such as the farm's size and the number of operations the machine performs. Are the neighbour farmers performing the same operation and is the machine performing this operation continuously?
In my opinion, if all the previous indicators existing, purchase this machine and rent it for the neighbour farmers.
When considering AG services for your farm, it is important to find equipment that works for your needs. However, many pieces of equipment can cost millions of dollars to purchase. If you have the money or the source of loans, it may seem obvious that outright owning your equipment would be the best approach here.
However, the best AG services may not require that you own all of your equipment. In fact, there are many pros to renting that you should consider. That said, renting has many negatives that shouldn't be ignored. The secret lies in identifying the cost and use analysis of both ideas.
When making big decisions in farm management, one of the most important things is to completely be aware of your situation. Therefore, the choice of purchasing or renting farm machinery will depend on the following questions:
How much will it cost to purchase or rent certain machinery, production facility, farming implement or some other type of farm equipment?
What is your current financial situation; can you afford any investment?
Do you need certain farm machinery during the entire farm season or periodically?
Are you ready for maintenance and service when it's needed?
Every farmer, as well as every crop production, is unique. For this reason, it's hard to give a unique recommendation whether a farmer should purchase or rent farm machinery. However, keeping in mind advantages of both purchasing and renting, as well as being aware of your own situation and needs, is definitely a good way to make a good decision. https://blog.agrivi.com/post/making-big-decisions-to-rent-or-to-buy-farm-machinery
The farmer should develop a purchase plan commensurate with the reality of the agricultural region and the commercial conditions in addition to other factors
The purchase of agricultural machinery is based on an accurate scientific basis related to the topic of the economics of agricultural machinery
The issue of choosing forms of external financing for the purchase or rental of production factors, including machinery and equipment, means of transport in a farm and / or agri-food processing enterprise is determined by many internal factors (the scale of agricultural production processes, the level of technology equipment, the need to increase automation and production scale, financial possibilities, type of agricultural production, formula of agriculture: traditional, production, ecological, etc.) and external (the level of competition on agricultural production markets, the availability of agricultural machinery and equipment in shops and agricultural equipment rentals, technological level and quality of machines new available for sale and available for lease, rental, lease as well as credit, leasing and loan offers from commercial banks, agricultural advisory centers, government aid agencies granting subsidies to finance the rental or purchase of machines, funds transport, agricultural equipment, etc.).
I think machines, their ownership is possible if the agricultural ownership is large. As for small areas, they are expensive, especially as they are subject to diminishing returns.