From RTK systems to automatic row shutoffs, precision ag equipment helps maximize inputs and increase profitability. The challenge is discerning how to optimize technology in your operation without overspending.
“ROI can be interpreted differently from one farmer to the next. Making a sound precision ag equipment purchase really comes down to whether or not a producer can afford it and justify it to themselves,” says Clinton House, AgDirect Territory Manager in Ohio.
No matter what technology you are considering for your farm, you can feel confident about your next precision ag purchase by asking yourself the following questions.
Who can I turn to for troubleshooting?
“Before investing in new technology, the first resource producers should consult with are their area dealers to see what products they have available,” says House. “Dealers are a producers’ first phone call when they need an update or can’t remember how to use certain functions of the tool. It doesn’t matter what you buy if you can’t have it serviced.”
Secondary sources may include neighbors and peers, online product reviews, trade shows or manufacturers’ reps.
Are there affordable alternatives?
When new precision ag products are not in the budget, producers should consider shopping the used precision ag market for lower cost solutions.
“There is a strong demand for quality used products, and although used units may not be as cutting edge as a newer models, they may be functional and ideal for producers who don’t want to pay premium prices.”
“The used market will continue to be in demand as second to third generation technology and beyond comes out,” House adds.
What are my financing options?
Despite lower crop prices, producers continue to find new ways to profit with precision ag – and thanks to increased adoption of this technology there are more competitive financing options available, too.
For 20 years, AgDirect has given producers an edge in equipment financing by offering purchase, leasing and refinancing programs with attractive rates, flexible terms and friendly service. Whether buying equipment from a dealer, at an auction or a private party, AgDirect works with producers to help them make the right decisions for their operation.
“We do a great job of packaging our financial products for both new or used equipment purchases,” says House. “And we can finance standalone precision ag products to help manage cash-flows and accommodate budgets.”
Start comparing your precision ag equipment costs by contacting your nearest AgDirect territory manager or the AgDirect financing team at 888-525-9805.