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Should I Lease or Buy?

Steven Martin, Fred Cooke Jr., David Parvin and, Scott Stiles (August, 2001)

Summary

For many farms, machinery expense is the largest single production expense (Massey). Under current farm financial conditions, producers must search every avenue for opportunities to minimize costs and maximize returns. Producers have three basic options for meeting machinery needs: purchase the needed equipment, lease the needed equipment, or custom hire.