How can machinery management be a useful cost-reduction strategy for producers?

Many farmers are looking for cost-reduction strategies to overcome low-return prospects in the year ahead. One area that could help in this process is machinery management.

Dr. Gary Schnitkey from the University of Illinois spoke with RFD-TV’s Tammi Arender about current ag equipment trends, the main factors in depreciation costs, and what producers need to keep in mind.

Related Stories
Farm Bureau Economist Dr. Faith Parum warns farmers to brace for more losses as the war in Iran sends shockwaves through the ag economy and raises input costs even further.
Margin pressure and competitiveness concerns are shaping cautious outlooks.
Fewer DEF-related shutdowns could mean more uptime during planting and harvest seasons.
Rising fertilizer costs tied to tariffs are tightening margins for U.S. wheat growers, according to new data from the National Association of Wheat Growers.
Jose de Jesus explains the National Pork Board’s new campaign, “Taste What Pork Can Do,” which aims to build long-term engagement with Millennial and Gen-Z consumers.
Rising costs are significantly extending walnut profitability timelines.

Agriculture Shows
Hosted by Scott “The Cow Guy” Shellady and RFD News Markets Specialist Tony St. James, Commodity Talk delivers expert insight into the day’s ag commodity markets just before the CME opens. Only on RFD-TV and Rural Radio SiriusXM Channel 147.
A look at the news, weather and commodities headlines that drove agriculture markets in the past week.
Everything profits from prairie. Soil, air, water — and all kinds of life! Learn how you can improve your land with prairie restoration, cover crops and prairie strips, while growing your bottom line.
Special 3-part series tells the story of the Claas family’s legacy, which changed agriculture forever.