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
SBA Administrator Kelly Loeffler breaks down the Grocery Guarantee Program, its goals for expanding farmer access to capital, and its potential impact on food production and prices.
Lower shipping costs alone will not restore export competitiveness.
Rising fuel costs will soon increase grain transportation expenses.
The five-day auction drew up to 6,000 people and saw steady prices throughout the event
Cattle farmer Scott Porter, Kentucky Farm Bureau’s 2025 Farmer of the Year, discusses his commitment to mentorship and the importance of strengthening the future of agriculture.
Son of a South Dakota Rancher, Kolt Mendenhall is turning his lifelong passion for riding into a collegiate career, committing to Southeastern Oklahoma State University next fall, bringing years of ranch experience to the collegiate arena.

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.