National Ag News

Farmers trying to keep costs under control may work with neighbors to share equipment and labor for some production tasks.  Michigan State University (MSU) publishes the Farm Machine Work Rate report that can be used as a reference tool to estimate values for farm machine work exchanges.  MSU farm business management specialist Dennis Stein says the report uses averages to come up with a point of reference to determine the value of equipment.  In this encore Managing for Profit presentation Stein tells Brownfield there are a lot of possible equipment exchange options, but what are most common are swapping planting equipment back and forth.

Continue reading Equipment, labor bartering can make financial sense at Brownfield Ag News.