Managing Investment Costs of Machinery
In recent years, machinery costs creeped up and now rank among the biggest cost items on farms. They often fluctuate significantly even between farms in the same region because farmers have a wide range of options in managing their machinery portfolios. In past years with high commodity prices and good margins, it was relatively easy to finance machinery, wants sometimes surpassed needs, and detailed financial analysis was only sparsely performed.
Objective of the Course
The major objective is to give farmers the tools needed to construct and implement the optimum machinery management strategy for their farms, based on sound management decisions. A machinery management strategy includes how much equipment to have, how to choose the most favorable equipment option, whether it is owned and financed or leased, rented, and for how long it is held.
Defining Equipment Strategy: What Does it Entail?
Financial Principles, Concepts and Tools
The Time Value of Money Concept
Explanation of Spreadsheet
AME instructors are internationally renowned experts in agricultural management, and are drawn from both industry and academia. This approach ensures a sound theoretical basis for the program, combined with “hands on” practical experience in the application of ideas.