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Machinery & Facilities
The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana.
Read MorePurdue Extension specialists in Agricultural Economics, Agronomy, and Botany & Plant Pathology collaborate to provide a resource to project financials for the upcoming cropping year. This is the March 2019 updated guide.
Read MoreWhen crop producers are determining whether it is feasible to purchase a self-propelled sprayer, it is imperative to compare machine ownership costs to custom hire charges.
Read MoreThis article compares machinery costs per acre for a case farm to custom rates associated with a field cultivation operation and a self-propelled sprayer operation.
Read MoreThe rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana.
Read MoreThere are numerous methods to transfer the ownership of farm machinery. Lease agreements often lower the cash flow requirements of the younger generation.
Read MoreThis article discussed items that need to be considered in addition to tax management strategies when evaluating the decision to purchase machinery and equipment.
Read MoreThe continued increase in size of tractors, combines, and other machinery has enabled farms to operate more acres and reduce labor use per acre. However, this increase in machinery size also makes it increasingly important to evaluate the efficient use of machinery.
Read MoreGrain farmers are facing significantly lower prices and incomes in 2015 compared to previous years which have resulted in intense pressure to lower costs by aggressive negotiation on land rents and purchased inputs. Much of this negotiation has focused on price–farmers are asking/expecting price reductions, but suppliers of fertilizer seed and chemicals in particular are hesitant to adjust prices down.
Read MoreCorn Belt agriculture is in the midst of transitioning from one of the most profitable periods on record to what could be an extended period of tight margins for most corn and soybean operations. Now that the 2015 planting season is drawing to a close, you should take time to reevaluate your farming operation and consider how you can make sure your farm is strategically positioned to be a “best in class” operation in the years ahead. Doing so will help ensure that your farm will thrive, not just survive, in an era of tight operating margins.
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