Machinery, Financial planning, Cost analysis
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The machinery crisis - I believe we have come through a crisis in farming efficiency. To maintain his income, the farmer has had to reduce his costs of production, or increase production per man. He has done this by climbing to a new plateau of efficiency, and he expanded or got out; he has substituted capital for labour.
In many cases this means bigger, more powerful machinery. This is not a simple or easy move and there are many potential ways to mske the wrong decision.
Brown, W T.
"The machinery crisis,"
Journal of the Department of Agriculture, Western Australia, Series 4: Vol. 20
, Article 2.
Available at: https://researchlibrary.agric.wa.gov.au/journal_agriculture4/vol20/iss4/2