Guide to machinery costs and contract rates
Primefact Number: 913 Edition: First edition Released/reviewed: Sep 2009
This Primefact has three aims:
- to alert farmers to the real costs of owning and operating machinery;
- to explain how contract rates are calculated, for those farmers deciding whether they should buy a piece of machinery or contract someone else's; and
- to assist those farmers wanting to contract out machinery by showing them how to properly calculate their costs. This will help them arrive at a fair and realistic fee. Commonly, farmers wanting extra income will contract out their machinery but they tend to undercharge.
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