Excerpt from Machinery Leasing and Custom Services by Cooperatives and Other Dealers Farmers spent nearly $2 billion to lease and obtain custom - machinery services in 1977. That was about 10 percent of the total amount they spent to purchase and Operate farm machinery. On the other hand, farmers received income of nearly $1 billion from other farmers for such work as combining grain and soybeans, baling hay, and filling silos. Two groups of farmers have more serious cash flow problems than others - those who entered farming since 1973, and those who borrowed capital to expand operations. Equity earnings for these farmers today is near the 5 - percent level-far below the normal 20 percent. With capital costing 9 percent or more, losses in farm operations are increasing to the point where many are trading down machinery and renting more farm machinery to reduce operating costs. These farmers may be helped by a cooperative leasing program. Farmers must balance costs against returns to determine whether to own, custom hire, or lease farm machinery. These problems need study and analysis to provide information and direction to farmers and to encourage cooperatives to provide useful new services. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.