It is common to hear farmers talk about how quickly a pricey piece of equipment will “pay for itself” over time. The Equipment Cost Recovery Calculator helps turn these claims into careful estimations of the time it will take to recover the cost of purchasing new equipment through increased labor efficiency (labor cost savings). In financial analysis terms, it is a “Partial budgeting” tool.
Dive in, and let us know if this tool is helpful in making smart purchasing decisions on your farm. Send feedback to aglabor@uvm.edu.
Use the Equipment Cost Recovery Calculator:
Please note: You will need a current version of Microsoft Excel running on your computer to use the downladable version of the tool, and there are different versions for use on PCs and Macs.
