Farming equipment is a collection of machinery used to carry out agricultural activities such as cultivation and animal husbandry. The complexity of these valuable productivity oriented devices varies depending on their purposes. While some farm tools such as a wheelbarrow are simple, others such as a combined harvester are complex. Prices of the equipment vary depending on their complexity and purpose. Present-day farming equipments are designed to enable farmers to get the highest possible quality of produce. As a result, well-informed farmers do all within their means to acquire the valuable farming tools without paying attention to the price tag. One of the most considerable options of financing farming equipment is securing a loan. The credit facility once received can be used to purchase the equipment directly or indirectly.
How can you finance your farming equipment directly?
Financing your farming equipment directly involves securing a loan purposefully to pay for your desired equipment on the spot. Often, a person will state on the credit request form presented by the lender that he is going to purchase particular farm equipment. Once the person receives the money, he must go ahead to purchase the item. Some lenders are quite strict when it comes to the use of the money and have mechanisms for following up to ensure you use the credit on appropriate purchases. This means it is advisable to buy highly productive machines.
Is it beneficial to finance your farming equipment indirectly?
Yes, most smart farmers often secure a loan and use it to increase one or two factors of production and successfully buy farming equipment after boosting yield. What do they do? The farmers increase the value of factors of production such as land and management and diversify farming in order to boost the overall production of their farm. After harvesting, they sell the produce and purchase farming equipment that they have in mind. This method becomes significantly rewarding if farmers accurately evaluate the viability of their farming venture before using a debt facility to boost yield.
12 month loans offer you as a farmer or land owner a really great opportunity to borrow the amount you need for your farming equipment and pay back within the year. Usually, these kinds of finance are more expensive, however they are much less stressful for you as you don’t have to worry about a long term money amount to pay back.
We have always been taught by the media that renewable energy is good because it does not pollute the earth or deplete the natural resources on Earth. However as a farmer, when it comes to farm and land, you might find yourself wondering whether renewable energy would really be able to help you out or hinder your farm work. Farmers all over the world have benefitted from adopting sustainable or renewable sources of energy. The truth is that farming and renewable energy are a winning combination. Therefore, farmers who desire a stable source of income for the long run can adopt renewable energy like biomass, solar and wind energy.
Agricultural operations do not always have to be conducted in the traditional way. It is time to move on and adopt modern and newer technologies and techniques in order to experience the most out of farming. In addition to growing regular food crops in one’s farm, it also makes sense to harness renewable energy side by side. These two can co-exist peacefully and allow the farmer to enjoy an additional source of energy. The energy generated from these alternative sources can be utilized to reduce the heating and electricity bills pertaining to the farm and land.
One of the most popular forms of renewable energy for farm and land would have to be solar energy. Farmers can secure solar photovoltaic roofs to their barns in order to harness solar energy and to convert the same into electrical energy. Solar energy is a much cheaper form of energy in comparison to regular electrical energy, therefore farmers who live in an area having hot climate throughout the year should contemplate about switching over to solar energy instead.
Farmers who are heavily reliant on oil burners for heat can use biomass boilers instead. These boilers are an excellent investment and the farmers can save up to 50% of the bill that he/she would have to pay if he/she were to use oil!
The techniques of agriculture and farming have now become a livelihood for almost half of the worlds population. Farmers must rely on their surroundings and the area in which they grow in when they are producing their crops. There are some crucial elements which can affect the outcome of these crops and the amount in which they grow.
The temperature and climate of an area is a key ingredient to the survival of plants and other crops. Plants enjoy higher temperatures and will not grow in areas that are below 6°. This is why almost 80% of the world’s farmers are based in Asia. The climate in these areas are very warm and sit at an optimal level for plants, vegetables and fruits to grow in.
Wind and rain are some of the weather conditions that can have a severe effect on the
outcome of a crop harvest. The amount of rain needed to feed the crops is dependent on the weather conditions in that area. A location that is warmer in temperature will require more rainfall than an area that is cooler in temperature. Wind poses a dangerous threat to crops. Environmental elements such as hurricanes have the ability to destroy entire farms in one go.
The type of soil that is used in any farming area and the slope that the soil sits on also play a very important part on the outcome of a crop cycle. Different plants require different types of soil. Root vegetables that require good drainage prefer softer soil, Whereas crops such as rice prefer hard clay like forms of soil that retain water. Slopes are also an important factor in some regions as they eradicate soil erosion. This happens when elements such as heavy rain fall damages the soil. Some farmers create artificial slopes in areas where soil erosion is common.