Dramatic changes have occurred in the farming industry over the last 20 years. Policies and regulations have changed, new technologies have been implemented, and risks have been reduced. The equipment you would have bought 20 years ago may not be the best equipment available today.
Look at the farming equipment and tools that are currently available. This will take some time, but it will be time well spent.
You will need to set a budget before you purchase new equipment. One of the things to consider when setting a budget is how versatile a piece of equipment may be. For example, it is likely that you will use a tractor all year. This means that you want to invest time and money into researching the right tractor to purchase and into buying one that is of high quality. However, fertilizer application equipment will only be used at a certain time of year. This means that you may set aside less money for this piece of equipment. Or you may decide that fertilizer application equipment should be rented when it is needed.
Some equipment used in farming requires training in order to operate it safely. Find out about local regulations when it comes to operating equipment not only on the land you own but also when driving it on the road. Your city council should be able to give you information about training or certifications that may be needed. Always check with them before you make your purchase of new farming equipment.
