Machinery and equipment is often one of the largest expense categories for a farm or ranch operation. Many producers do not know their machinery and equipment cost for a given activity.The Machine Risk Calculator (MRC) from RightRisk.org can help producers estimate rates for custom filed operations and individual machinery costs. The tool will also estimate the risk sensitivity of those costs to changes in various factors. The MRC uses a comprehensive list of related expenses to calculate an overall cost, including expected life (years), repairs, depreciation, housing, insurance, taxes, and annual use (hours).
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