A Buying Guide for Farming Equipment
Do you want profitable farming? Then you cannot operate without equipment. Farming equipment is part of the operating cost on a farm. Hence, it would be best if you got it right when buying.
Whether purchasing an old or brand new farm equipment, it requires some great insight, careful planning, and keen attention to detail. More so, with the thousands of various farm equipment and brands flooding the market, it’s pivotal to keep your eyes peeled for the differences in their price, functionality, and quality.
Some of the common mistakes farmers make when buying equipment are buying more than they need, getting the wrong size, or worse, getting the wrong equipment. The good news now is that the farming equipment market is greatly competitive and has made available all the information regarding their equipment. Your part is to learn as much about them.
Yes, it can be mind-boggling when deciding which farming equipment to buy, but some tips can help you make smart choices. If you want to keep off the frustrations of getting the wrong equipment, follow the below tips.
Identify your needs
Before rushing out to your local farm equipment shop, carry out a need analysis to establish the equipment you need. For various reasons, the equipment that’s appropriate for one farmer will not necessarily fit you. For example, the equipment for operating a small piece of land differs from that used in a big piece of land. As such, it’s paramount to understand the need for the equipment and the scale.
Once you articulate what equipment you need for your farm, you can go ahead and approach dealers with particular requirements. They will help you get the equipment that suits your specific needs.
The decision of new or used equipment
The decision of whether to buy new or old is pivotal because of technology. Every day there is new advancement of technology. The equipment used years ago may not be the right tool for you if you need to remain competitive. So, depending on your goals, you may decide whether buying old or new equipment is best for your farm.
Carry out a cost-benefit analysis
Equipment purchase needs some analysis too. How so? Well, you need to understand whether the equipment is worth the investment. Look at your cash flow perspective as well as the goals of your farming. If the equipment will enhance productivity and the payment terms are viable, you can go ahead with the purchase.
Learn about the equipment
All manufactures of farm equipment have websites, which you can access to milk information. And the good thing you can get this info at the comfort of your home. With the help of these seven P’s: price, performance, power, parts, product support, prestige, and purchase, making comparisons of various manufacturers become a breeze.
Inspect your equipment closely
Farm equipment needs thorough inspection, especially when you are buying a used one. Check for possible defects. For new equipment, make sure every part is intact and working properly. Be keen to check the warranties as they may come in handy when your equipment breaks down.
Buying farm equipment can be tricky, especially if you are a new farmer with no experience. But with the above tips, buying equipment shouldn’t be a daunting exercise. Furthermore, you can get practical and helpful information from your fellow farmers. Talk to them and find out their take on certain equipment. Who knows, some of their information can save you from frustrations that come with rookie mistakes.