Is machinery syndication a good fit for your business?

Machinery syndication Fact Sheet

Access to machinery for use in your farm business can be secured by either owning, hiring, contracting or syndication. Each approach has its own pros and cons that make it best suited to a particular financial and production situation. What do you need to consider to determine if machinery syndication is right for your farm business?

Key points

• Machinery syndication is not for everyone, nor right for every financial and/or production situation.
• Even relatively simple syndicates can benefit from a formal agreement documenting rules from financing to maintenance and winding up the syndicate.
• A partnership agreement provides a set of rules that serve as a reference point in the event of a dispute.

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GRDC Project Code ORM00011

Region South

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