The Economics of Machinery Choice in Corn Production
The Economics of Machinery Choice in Corn Production
John Thackery Scott
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So far as size of machinery is concerned, a general rule that usually is applicable is to obtain the smallest capacity machinery complement that is just adequate to do the job. Where nothing but corn is produced, narrow rows are questionable, especially when the farm operator is a tenant on a crop-share lease re- ceiving only a part of the increased return or when other investment op- portunities may have a higher priority. Where both corn and soybeans are produced, narrow-row culture is likely... to be profitable. The general rule on trading is to trade when the annual operating cost of old equipment is greater than the expected average annual total cost of the new equipment. BIBLIOGRAPHY 1. CAGLEY, CHARLES E. An Economic Analysis of Conventional- Versus Nar- row-Row Equipment in the Production of Corn and Soybeans. M. S. Thesis. Dcpt. Agr. Econ. , Univ. 111. 1967. 2. HINTON, R. A. And A. G. MUELLER. Detailed Cost Report for Selected Cash Grain Farms on Drummer- Flanagan Soils in Central Illinois, 1959 and 1960.
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