In commercial farming, a forklift is a must-have because of the day-to-day management of heavy farm inputs and outputs. However, a farmer should be strategic when acquiring a forklift because it could be the difference between expanding business and driving it into losses. Notably, most farmers prefer hiring forklifts to buying because the approach has proven successful. This article highlights reasons why leasing a forklift will help your farm business to grow.
An Idle Forklift is a Liability -- Since harvesting of farm produce is done seasonally, then your requirements for a forklift will also be periodic. Once the crop is over, your forklift will most likely sit idle until the following harvest season. Therefore, the equipment will cease being an asset and become a liability for several months before the next harvest. At the same time, you will be required to carry out maintenance services on the forklift because the likelihood of equipment damage is high when the device is idle. However, if you opt to hire the forklift specifically for the harvest season, you will save a lot of money and inject it into other areas of your farming business thereby growing.
Flexible Contracts -- Every farmer will tell you that there are high and low yield seasons. The scale of harvest will dictate the number of forklifts required at any point. As such, buying several forklifts because of one period of bumper harvest would not be a wise business decision. Nonetheless, forklift rentals offer a relief because the contracts are flexible and you can easily renegotiate the terms. For example, if you underestimated or overestimated your yield, you can quickly renegotiate and change the number of forklift units. The flexibility will play a role in the growth of your farm business because you can adjust costs accordingly.
Delivery and Collection -- Most rental companies handle the delivery and collection of forklifts depending on contractual agreements. Therefore, instead of worrying yourself with transportation of the forklift, rental firms take the burden, which allows you to focus on delivering your harvest to the market. As a result, you can concentrate on other aspects of your farming business like expansion, risk management, and customer focus among other things. Therefore, inquire and confirm whether a prospective leasing company delivers and collects their equipment. In other cases, a hiring company can link you up with trustworthy transporters and help you to negotiate for competitive terms.
For more information, contact companies like Master Hire Pty Ltd.