@article{Langemeier:197110,
      recid = {197110},
      author = {Langemeier, Michael R. and Ibendahl, Gregg},
      title = {Crop Machinery Benchmarks},
      journal = {Journal of the ASFMRA (American Society of Farm Managers  and Rural Appraisers)},
      address = {2014},
      number = {387-2016-23011},
      pages = {10},
      year = {2014},
      abstract = {This paper examined crop machinery investment and cost  benchmarks for a sample of Kansas farms. Crop machinery  benchmarks varied widely among the farms. On average, crop  machinery investment and cost were $227 and $82,  respectively. Crop machinery investment and cost were  significantly correlated with the interest and depreciation  expense ratios, the asset turnover ratio, percent acres  owned, and net machinery purchases. Crop machinery cost was  also significantly correlated with crop intensity  (harvested acres/crop acres). As with most machinery  issues, a balance between controlling crop machinery  investment and cost, and timeliness needs to be reached.  This paper points out the importance of controlling  investment and cost rather than investment and the cost.},
      url = {http://ageconsearch.umn.edu/record/197110},
      doi = {https://doi.org/10.22004/ag.econ.197110},
}