Benefits of Buying Used Agriculture Equipment

When discussing used farm equipment anyone will imagine it in the rough form and condition immediately. Different types of tractors, pickers, ploughs, combines are the mainly used farm equipment in agriculture.

This is why it can be hard to picture them in perfect condition when it comes to purchasing used farm equipment. Though buying used equipment also has its own benefits, find here a few of these best reasons to consider buying used equipment:

1.      Small farming projects do not have that capital; a start-up farmer can cut his startup amount by opting to buy used machinery. Subject to the type and size of a farm, the amount can be reduced in any part, from nut carts to ploughs, tillage equipment, small or heavy-duty tractors and reliable used gears.

2.      Used equipment is also preferred for buying when a spare machine is needed in hand to work without interruption in your farming activities, in case of the existing breaks down.

3.      Farm implements have a predictable life in the number of hours and good to use till the time. When buying any used equipment you can negotiate the cost based on used hours.

4.      If you harvest seasonal items like peanuts then buying used farm equipment will help you reduce machinery expenses because of low hour usage.

5.      Though an old machine may not be that fuel-efficient, buying used farm machinery is a way to reduce the scope of your overall carbon footprint. Sometimes compared to a brand new gear, a used machine is extremely eco-friendly.

6.      When considering used equipment to purchase, you may get the opportunity to get known brand name equipment for a greatly reduced cost. Known brand equipment parts can be found easily whereas the common problems associated with less-known brands is that if they go out of business, it’s hard to find the parts to replace.

7.      If you compare the performance of a new machine and older model, sometimes used farm machinery can give high-end functionality at a reduced cost.

8.      A little research on some online farm equipment rental platforms, if lucky you can find a great deal and own well maintained and rarely used equipment at a great cost. As like the car owners, few farmers also like to lease and upgrade their machinery every two to three years.

These are the few most valid reasons consider used farm equipment to buy that will not save your money but offers excellent performance.

Should You Buy Own Or Rent Farm Equipment?

If you have a farm business and grow a high amount of crops all through the year, then you may come to a point where you have to make a decision about whether you want to own the heavy farm equipment or always renting equipment can work. Basically, your decision depends on the charges you pay to rental advantages and have to review before you choose.

You need to review plenty of factors with your farm business before deciding on renting farm equipment.

Lots of farm equipment rental companies offer a whole lot of equipment at any given time in the year on a daily to monthly rental basis. Depending on the length of time the companies will determine the price and charge for these rentals.

The different types of equipment have different rental costs. For small tractor, implements can cost you up a low monthly rental but if you need heavy farm machinery or extra tractors on rent because of the increased workload and to meet a deadline, it can cost you more than you imagine. You may think this is crazy, but if your farm business is high paying, sought after, then you can be willing to pay as rent whatever it takes to get the job done.

But if you think you are renting the same farm equipment over and over again and paying high dollars for it, giving a thought to buy the equipment can be a great deal. Consider the complete picture about purchasing the equipment.

If you go for buying equipment, you may find it a relief for spending on the equipment in the long run. Using your equipment, without any hassle in the future, putting more profit in your business. And one thing you need to keep in mind is to make sure you are going to use this machine for a long time.

While in renting there is an advantage that you never need to pay for the servicing of the rented equipment certainly. If it stops working, you simply have to call the rental company and get a new machine to your farm. And the cost for fixing that equipment is also usually covered in the rental agreement. The only thing you will be worried about that you would need time to replace the equipment between your crucial working hours.

Whether you chose to buy or rent farm equipment, you should gather all the information, whether this is would be a great choice for your business, or you just want to continue to rent. Make a good decision depending upon your requirements for your farm.

Major Farm Equipment Used In Farming

Farming equipment and machinery are used for different purposes in farming. The different types of equipment used in farming include tractors, combine, power tillers, hay balers, tillage equipment, harvesting equipment, etc.

A farmer can choose a varied range from farm equipment, to meet his requirements but as some of the farm machinery cannot be used in other types of farming, so the farmer should be well aware and chose specifically as per his requirement. Such as the equipment used in grain farming cannot be used on a dairy farm.

Whatever farm equipment you need you would need a good budget to buy it. Major equipment used in farming are mentioned below:

1.      Combine Harvester

2.      Sugar Cane Harvester   

3.      Tillage Equipment

4.      Landscaping Equipment

5.      Seeding Equipment

6.      Fertilizer Spreader, etc.

A combine machine is one of the most significant equipment nowadays used in agriculture for multiple activities, especially for harvesting, threshing and cleaning of grains. Combine machine or a harvesting equipment is time-saving equipment and is used for several sorts of crops that include wheat, soy, rice, corn, and many more.

A little investment on some of the significant farming equipment can help you in cutting down your cost in farming activities. Appropriate maintenance of main parts and baler belts of the equipment is necessary for the efficiency of the equipment.

The farmers should also have the basic knowledge on repairing the farm equipment, as it can be beneficial in case of any breakdown and they need not wait for the mechanic to come and get it repaired.

Farm Equipment Rental Market in the USA

Agriculture or Farm equipment rental is a booming service industry in the USA that offers different types of farm equipment to farmers or end-users on a rental basis. Generally, a rental agreement is signed based on the agreed amount, date of delivery, deposit and other terms and conditions, by the two participating parties at the time of transaction.

A noticeable rise can be seen in startups that are offering farm equipment on rent in the USA, and it also has become one of the major trends seen in the worldwide farm equipment rental market as well. Renting farm equipment offer cost-saving and other benefits to farmers or end-users.

The trend is also helping in transforming the agriculture sector through mechanization.

How the trend get Started?

Some of the farm equipment specifically the tractor implements are not used frequently in the fields for farming operations, these implement are only have limited use in particular farming season and has to remain idle rest of the year.

Expensive farm machinery like a combine have high maintenance cost and leaving such expensive machinery idle may cause it damages.  On the other hand, the farmers, who cannot afford it, are less likely buying such expensive machinery. This demand for rent has increased the need for farm equipment on rent in certain seasons of the year. Keeping in mind the same factor many start-ups have entered into the farm equipment rental market, along with the known Brands.

Take a look on the list of key vendors operating in this market.

Deere & Company

Rentalyard

Flaman Group of Companies

Pacific Tractor

Farmease App

Top Farm Implements that can be rent out/rent in

Sugar Cane Harvester/ Combine

Rotary Tiller

Harrows

Plough

Cultivator

Disc Ridger

Fertilizer Spreader

Leveler

Box Blade

Trailer

Multi Crop Combine Harvester

As per the market studies, Farm Equipment Rental Market is expected to reach USD 11.21 billion by 2023.

Things to Consider Before Buying a Tractor

A large Farm owner generally knows the size of his farm and if they will need larger equipment than they have ever had. What they might not know is how big tractor they need and what tractor implements he needs in the way to get the various jobs done. In such a scenario the farm equipment dealer would be the best resource for a customer to ensure that he gets the right machine and implements for that machine.

Purchasing the new machinery plunge may be a tough task, but if you find a trusted farm equipment dealer, then it will help you halfway in finding effective solutions to serve you well in your farm. However, for a top buying experience, experts advise doing a little homework. Firstly you should have a thorough list of the tasks in which you will need the tractor. Based on this information, a dealer will be able to guide the customer on the size of both tractor and tractor implements size.

1. How much land will you be working on, and the types of activities will you need a tractor for? These may be like tilling, yard or field mowing, material moving, hay moving, snow removal, levelling, etc.
2. What would be the priority of the jobs you want to engage? For example, road grading can be more important than land mowing. Defining priorities will support while purchasing your initial implement list. It will also be helpful for your dealer to make recommendations on torque power, hydraulic capability and haulage capacity as per your needs.
3. Your financial capacity, perhaps, another way to consider this point is how much you are willing to pay from your pocket monthly.
4. Do you anticipate needing the diverse functionality of a loader mounted to the front of your tractor? This will help determine whether you need 4-wheel drive and the hydraulic capacity you require.
5. What is the minimum range where you need to use your tractor? You may or may not be planning to reconstruct fences or move structures to get a bigger machine.

6. Look for the local dealers or online farm equipment rental websites that are known for the best tractor rental service. As considering rent a tractor can also help you a lot if you are not in mood spend a lot to add equipment for your farm.

7. Tested out the tractors you are considering. Take a ride and decide. Sit in the driver seat and take it for a drive to ensure the tractor fits your needs. Also, check the implement are fit for the tractor.