The Cost of Owning Farm Equipment

Farm equipment is a vital part of farming operations, allowing one person to do in a day what once would have taken a team of people weeks to accomplish. That being said, modern farm equipment can be expensive. If you want to learn more about the full cost of owning farm equipment, check out this guide from Desert Greens Equipment. 

Your Operation Type

The biggest factor determining how much you’ll spend on farm equipment is the size and scope of your operation. A small farm that only grows a few crops will usually only need a utility tractor and a few attachments. Larger farming operations that grow many different types of crop tend to have more complex needs, so they require bigger and more complex equipment. Larger fields require bigger machines in order to sow, fertilize, and harvest the crops. However, there are a few exceptions to this rule. Livestock farming is less dependent on equipment, so ranches and other farms that focus mostly on raising animals usually don’t have to spend as much on equipment, regardless of the operation’s size. 

Financing Costs

Most farm equipment purchases these days involve some form of financing. If you choose to go this route, we recommend making the largest possible down payment upfront. Not only will you pay less overall per month, but you may even net better loan terms this way. 

Maintenance Costs

Regular maintenance will help your equipment to last longer and perform better overall. Servicing is the best way to ensure that your equipment doesn’t break down at a critical time. However, the amount you’ll need to spend on farm equipment maintenance depends on a variety of factors such as parts availability and whether you’re able to perform the repair at home. If a repair seems too complex for you, it’s usually best to schedule a service appointment. After all, the last thing you want is to accidentally damage your equipment!

Shop farm equipment at Desert Greens Equipment. Visit us online or at our dealerships in Albuquerque and Belen, New Mexico. We also offer financing, parts,service, and demonstrations. We’re proud to serve communities like Santa Fe and Rio Ranchero, New Mexico. We hope you’ll come visit us soon!