The appropriate upkeep of your farm machinery will make a substantial difference to its running life, productivity and the success of your harvest. It is not only the productivity of the equipment itself that is an important factor, but the value it contributes to the business overall.
When considering the effectiveness of upgrading your farm machinery, it will be highly effective for you to establish a set of criteria for a decision making policy. Discuss with all business owners and stakeholders for solid commitment to your business strategy.
When discussing a policy, consider the following:
- Brand image
- Upgrade frequency (hours or kilometres)
- Employee productivity
- Strategic business need
- Management of risk
- Ease of use
- Occupational Health and Safety (OH&S)
Your investment will effectively determine what you will get in return for your business. Understanding the costs is an important consideration when you are wanting to upgrade your old farm machinery. Consider the following:
- Insurance cost
- Registration cost
- Fuel cost
- Labour cost
- Potential repair and maintenance costs
- Interest costs
- Annual depreciation cost
- Risk, timeliness or penalty costs
Through excellent planning and organisation, you will get value from your investment in farm machinery and labour. Are you ready to upgrade your farm machinery? Perard machinery is designed for high-performance and industry innovation. Contact us today to see how they can help you.