The Equipment Cost Recovery Calculator helps farmers make informed decisions about investing in new equipment or improvements. The tool takes details like purchase price, how long the equipment will last, resale value, operational costs, and labor savings to generate an estimate of the number of years required to recoup an investment.
The calculator incorporates partial budgeting principles and includes a dedicated labor savings module, allowing users to compare current and new methods for essential farm tasks. It includes built-in instructions, links to external resources and examples to guide you. Developed by the Center for Integrated Agricultural Systems at the University of Wisconsin-Madison, this tool empowers users to make data-driven decisions, optimize efficiency, and improve farm profitability.