Working in the farming industry often means treading fine financial lines, trying to keep expenses low whilst yielding the most produce efficiently. In an increasingly challenging economic climate, more farmers are looking to hire necessary equipment rather than buy.
So what’s causing the trend? We take a look at some of the advantages of hiring plant and machinery for agricultural purposes.
Cost
As with all businesses, expenses are a primary concern. Hiring farming machinery rather than buying means significantly less upfront cost at one time. It frees up capital to use elsewhere in your business that would otherwise remain tied up in a permanent purchase. This flexibility can be invaluable to an overall business model.
Hiring is also particularly cost-effective with machinery that is used less frequently or only periodically over larger stretches of time.
Lastly, in an uncertain machinery market, hiring provides some assurance. Bought equipment may depreciate in value, resulting in a loss of capital should you decide to sell.
Flexibility
Hiring machinery and farming equipment gives farmers a wide range of choices on what to use. They can diversify as and when, and trial different pieces of plant and machinery to see what works best for their purposes.
Overall, not only does this streamline farming efficiency but again potentially saves on big costs and losses that could otherwise be incurred through purchasing less efficient equipment or through reselling.
Reduced Maintenance
Hired equipment is maintained by the hiring company. This can provide invaluable peace of mind to farmers and agriculturalists, as they won’t have to spend time or money attending to repairs themselves.
With one less thing to worry about or spend money on, this is yet another reason plant and machinery hire can streamline agricultural business efficiency.
Access To The Latest Technology
As previously discussed, buying farming machinery and equipment holds the risk of depreciating value and larger financial losses or ties. Choosing to move on to some improved technology which could benefit the business can be tricky, or simply not viable, leaving your business behind.
Using a hiring company means you can continuously use up-to-date machinery and technologies, maintaining the highest output efficiency for your business.
Reduced Risk
When hiring equipment, damages to the equipment are covered by the hiring company. Farmers hiring can rest assured they won’t take a significant blow should anything happen to the vehicle or machinery they use.
Repairs and especially replacements can be extremely expensive and hard to bounce back from for some businesses.
Agricultural Machinery And Plant Hire With PR Weldhen
If you’re looking for machinery or plant hire in Newquay, before searching ‘plant hire near me’ check out PR Weldhen or get in touch with us today. PR Weldhen is Nequay’s number one, family-run plant hire company with decades of experience.
We offer a wide range of agricultural machinery and services, from fertilising and seeding to self-drive tractors and telehandlers. Drop us a line to find out more.
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