Key points

• It is critical to understand the policy that underpins the decision-making process when considering purchasing machinery
• Understanding the total cost of ownership in $/ha or $/hr is crucial for effective machinery decision-making. This helps when making decisions about the use of contractors versus ownership
• When the cost of owning a new machine is cheaper in $/ha than the existing machine then it should ideally be changed over
• Understand the level of machinery investment across the business and identify ways to get more from your investment

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GRDC Project Code ORM00017

Region: Southern

• Farm business management fact sheet: Determining the optimum level of investment in harvest machinery (PDF 0.3 mb)