The farm equipment business holds a $155.68 billion market value at the writing of this article. It’s an industry that allows farmers to get their best output, which feeds countless people every year.
Knowing how to purchase the best farm equipment is part of the job. This way, you can find the help of professionals and dealerships that have top-notch equipment at fair prices. But what should you keep in mind?
We’re happy to offer context. Read on to learn as much as you can about farm equipment sales.
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Know What Farm Equipment You’re in the Market For
Before anything else, you should understand what kind of farm equipment you need. This often comes down to the size of your farm, the type of crops you specialize in, and the size of the yields you need.
Here are some of the most common types of farm equipment that these businesses shop for:
1. Tractors
You likely directly associate tractors with farms. This is because it’s arguably the most important type of farm equipment on the market.
Pay close attention to details like:
- The size and horsepower of the engine
- Quality tires and axles
- Inspect the articulation point
When purchasing a tractor, the goal is to get a few decades of service from it. Choosing the best year and model will help with this.
2. Agricultural Equipment
There are several different types of agricultural equipment that you’ll need to look into.
You can look into fast sprayers that will expedite your ability to sew and yield crops. Plows will help you till your land and make sure that the soil is fertile enough to produce quality seeds. Irrigation systems offer an eco-friendly way to grow your crops without wasting water.
Determine your farm’s needs first, and then find the right equipment for the job.
3. Lawn Mowers
Half the battle with running a farm is taking care of the landscape. You can do this when you have lawn mowers that keep your grass low and neat.
With acres of farmland, you’ll need to invest in several riding mowers, such as rear-engine riders, zero-turn mowers, and oscillating mowers.
Set a Budget and Talk to the Bank
Do your due diligence so that you can find a deal and close on a quality piece of farm equipment. Go into the process knowing how much they cost and how much you’re willing to spend.
Approach farm-friendly credit unions and local banks, and lock in finance fees and interest rates that also don’t blow up your budget.
Test and Inspect the Equipment
Never purchase any farm equipment sight unseen. Ask the dealership if you can get it inspected and appraised by third-party professionals.
Use this as a measuring stick to know how much the equipment is worth and whether it’ll need some extensive repairs throughout the course of ownership.
Look Into Farm Equipment Sales
Looking into farm equipment sales will help you do business to the best of your ability. Begin with these points and don’t hesitate to find some dealers that can put together the pieces of the puzzle for you.
Check out our other tips to learn more about running a successful farm while also improving your business capabilities.
