Knowing your operation's costs is critical to your farm's financial success. Part of those costs is your machinery, and a key metric to know is your investment per acre, which helps you recognize where efficiencies could be improved across the operation.
Lately, several of our farmer clients have been struggling with the decision of whether to buy or lease new equipment. Darren Frye relates the story of one such farmer in his latest Finance First post. Discover several key questions this farmer's financial advisor asked to help him evaluate the decision - questions that can help you with the same decision - at FarmFutures.com.