Formerly, old tools
constructed of stones and sticks were used by the human beings to till the
soil. However, today in the agriculture industry farmers are able to sit in the
air-conditioned cabins of sophisticated machines during the harvesting of their
crop.
When it comes to producing a significant
amount of food and reducing workload, the requirement for advanced agricultural
equipment always exists. But one question that most every farmer's face is that
what and how much equipment they should have.
Well, the answer to this question
about the type of equipment they need depends on some economic factors, geographic location
and the crop type being raised.
There is an extensive range
of agricultural equipment available all across the world as the industry has
expanded widely in recent years. There many manufacturers available at multinational,
and regional levels based on the market. While the multinational farm equipment
manufacturers export equipment globally, regional manufacturers offer the same
either to a particular region or country for different smaller countries. Some
of the local manufacturers provide agricultural equipment to the limited region, generally
within a country.
Be it pick and carry compact
tractors or other farm machinery, majority of farmers purchase them from the local
dealers or manufacturers. However, some farmers often also prefer hiring the
equipment from fellow farmers or dealers to carry out required operations,
mostly in case of costly machines like a combine harvester for harvesting.
While this was earlier used to be common for harvester machines only, now the
system has gained importance for other farm machines as well.
To own agricultural
machines a farmer has to also spend a sufficient amount of money for its utmost
care and maintenance.
The cost of owning equipment
can be is fixed or variable. While the fixed cost remains unchanged throughout
the year for the use of the machine. On the other hand, variable costs can vary as
per the use of the machine.
However, type of use a
machine and the amount majorly affects the cost of agricultural machinery. Plenty
of equipment becomes technologically outdated even before their value
depreciates, the reason being its less annual usage. Therefore, it is worthwhile to
treat depreciation as a fixed cost, in place of the variable. Also, insurance and
shelter both the requirement for any equipment, come under fixed cost.
The variable cost includes
fuel, repair and maintenance. The more a machine is used, the more repair, fuel
and maintenance are required.
Today, the farming industry has become highly tech-friendly and many agricultural machinery manufacturers are offering state of the art machines to cater to advanced needs of their
clients.
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