The considerations that should apply in a choice of this nature correspond to those dealt with concerning the decision to replace labour with farm implements. The same techniques of comparing costs should also be used to weigh up the economics of the two alternatives...
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Operational Planning and Execution
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Estimating the costs of mechanization
An accurate estimate of the costs related to owing and using farm implements from the basis for making rational decisions about many matters concerning mechanization. It is therefore important for a farmer to be able to make reasonably accurate estimate of the costs...
Depreciation
The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation. In accounting terms, depreciation is defined as the reduction of recorded cost of a fixed asset in a systematic manner until the...
The reasons why farmers mechanize
Farmers mechanize for various reasons, of which the following are the most common: Convenience and speed Farm implements are often acquired with the primary aim of facilitating operations, expediting them and/or marking them less tedious. Sometimes they lead to saving...
How Large Should Machinery Be?
One way to measure the capacity of a set of machinery is by the number of work days required to complete field operations. This depends on the number of crop acres, machinery operations performed, size of the machinery in use, and availability of labor. In...