Farmers are warming up to the idea of trying something out of their “norm,” which has prompted a handful of trends to catch on across the countryside. For example, as farmers look for ways to cut costs, we’ve seen a growing interest in leasing and sharing equipment. According to an AgWeb.com survey, for those shopping for equipment, 75% plan to go the used route. Used equipment expert Machinery Pete says there’s no shortage of equipment for farmers who want to upgrade. In this issue, ace mechanic Dan Anderson shares must-have tools to tackle basic equipment maintenance and repairs on your own.
The industry is still playing the waiting game on Section 179, which could be influential before year-end if signed into law. As it currently stands, the reoccurring tax incentive allows farmers to deduct $25,000. If Congress takes action, farmers can deduct up to $500,000 of machinery purchases before Dec. 31, 2015.
As always, Farm Journal is committed to arming you with information you can use. In the months to come, be watching Farm Journal, AgWeb and “AgDay” TV for the latest on machinery and technology. Don’t hesitate to drop me a note and let me know about your machinery plans for 2016.