Whether to buy or lease farm equipment is a crucial question, though one with no definitive answer. Let’s analyze the numbers using an example from management and accounting firm BDO.
Tag Archives leases
Is farm equipment best bought or leased?
Farm Financial Planner: Or is either option better than the other?
Saskatchewan holds Crown grazing rents at last year’s levels
Also, leaseholders on drought-downgraded land eligible for rate cut
Cattle producers leasing Crown land for grazing in Saskatchewan won’t see a rate hike this year and may be eligible for a significant rate cut. The provincial government announced Wednesday it has frozen the rates charged to producers who lease Crown grazing land in 2023 at their 2022 level. The freeze will apply to all […] Read more
Manitoba to cut Crown forage lease rates
Previous years' forage conditions a factor, province says
The rents paid by Manitoba producers using Crown lands to produce perennial forages will be cut in half next year and by smaller amounts the following two years. Provincial Ag Minister Derek Johnson on Wednesday announced the forage lease rent on agricultural Crown land will be reduced by 50 per cent in 2023, 33 per […] Read more
Sierra Leone passes new laws to boost landowners’ rights
Freetown | Reuters — Sierra Leone’s parliament on Monday passed two laws that lawyers say will help boost the rights of rural landowners and women against land grabs by big mining and agribusiness firms. The West African country has a history of sometimes deadly conflict between local communities and foreign companies that have cleared huge […] Read more
U.S. to move BLM headquarters to Colorado
Reuters — The U.S. Bureau of Land Management will move its headquarters to Colorado from Washington, officials said on Tuesday, sparking ire from conservationists who said the decision would weaken the agency dedicated to managing the country’s vast public lands. The Department of Interior, which oversees BLM, announced the move in letters to key congressional […] Read more
Zimbabwe to give white farmers 99-year leases
Harare | Reuters — Zimbabwe will issue 99-year leases to white farmers, according to a government circular, after new President Emmerson Mnangagwa said he would end discrimination along racial lines in agriculture. Fewer than 400 white farmers are still operating in the southern African nation, after former president Robert Mugabe’s government evicted more than 4,000 […] Read more
Three shortlines to buy Saskatchewan’s grain cars
The Saskatchewan government has picked the three buyers who will divvy up its provincially-owned fleet of grain hopper cars. The province, in its March budget, announced a request for offer (RFO) for the Saskatchewan Grain Car Corporation’s (SGCC) fleet of rail cars as it winds down that operation. The province said it would give “first […] Read more
Saskatchewan offers provincial pasture leases to patron groups
Cattle producers using provincial pastures heading into the final three years of the Saskatchewan Pastures Program (SPP) will get the first chance at leasing them. The province announced in March it would wind down the SPP, kicking off a public consultation process. Based on those consultations, the province confirmed Thursday it will grant the 50 […] Read more
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