Farmers Lean Toward Leasing Ag Equipment

The rising cost of new farm machinery, as well as that of repairing and maintaining it, along with the rapidly evolving use of precision farming technology are leading growers to weigh the benefits of leasing vs. purchasing.

According to Deere & Co. reports, the company’s cost of equipment on operating leases is up more than 500% over the past decade. Part of this increase is undoubtedly due to the higher cost of the equipment itself…

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