Economic Research Institute Study paper
Utah State University
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OBJECTIVE: The purpose of this program is to aid the farm manager in making decisions relative to owning and operating farm machinery. It does two things: 1) It calculates total fixed and total operatlng costs and sums them to get total costs, then calculates these costs on a per hour and per acre basis. And 2) Based on these costs, and the going custom rates, it will estimate the amount of money you can justify spending for a machine, or tell you the minimum size of operation to justify the investment. If you are a custom operator, it calculates the breakeven custom rate after including your desired profit margin.
Bond, Larry K., "Machinery Cost Analysis: Programmed for the Tesas Instrument 59" (1979). Economic Research Institute Study Papers. Paper 395.