Economic Model for Investing Small versus Large Ag Equipment

Date
2019-04-19
Authors
Alas, Jonathan
Davis, Chris
Koziel, Jacek
Pieper, Grant
Chopra, Shweta
Koziel, Jacek
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Altmetrics
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Agricultural and Biosystems Engineering
Abstract

  • This project will allow the client to give economic advice to its customers while making equipment purchase decisions.
  • The client has customers who invest in equipment who want to maximize their efficiency and return on investment.
  • This problem is not one that many operators consider, but it is something that could benefit many producers if they consider our deliverable. Solving this problem could save producers money and increase equipment field capacity allowing operators to get more done in less time. This solution can create a business opportunity for dealerships to work with their customers to find the right size equipment for them to maximize productivity and reduce costs.
  • Our solution aims to be specific to clients with row crop operations. In the future, our program could be expanded into the construction market for clients looking to purchase new equipment.

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