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Managing Machinery Costs in a Difficult Financial Setting

Gregg Ibendahl, Allen Featherstone and, Greg Regier (August, 2016)

Summary

Machinery costs are one of the top expenses for Kansas farmers, increasing substantially since 2007 and representing more than one third of total costs per crop acre in 2015. In this presentation, the authors examine trends in machinery efficiency, ways that producers can manage machinery costs during low commodity prices, as well as whether a producer should sell/trade old equipment and lease or purchase new equipment.