The Rural Voice, 1987-04, Page 6311 CULTIVATORS
S tine, Vibra Shank
Standard
Heavy Duty'
•Compse ri..e wlfi the competition
DUMP TRAILERS
4 & 5 T single axle
10 & 12 T tandem axle
3 PH
it SCRAPER BLADES
4 & 5 ft. standard
6& 7h. heavy duty
PACKERS
i[ 10 & 14 ft. made to order
Drum or Tire models
4" SPRAYERS
150 gal. 3 pt. h.
500 gal. trailer
FARM WAGONS
5 & 8 Ton models
Dealer inquiries welcome
le -Manufacturers of
Quality Farm Equipment
for 25 years
Hwy. 9, Clifford 519-327-8045
Van Eyl
WOOD SPLITTER
• 8" Heavy
I -Beam
• Hardened
Cutting
Edge
• 3 Point
Hitch
• 2 Way
Valve
• 4"x16"
Cylinder
George Smyth Welding
And Machine Shop Ltd.
R.R. #2, AUBURN, ONTARIO NOM 1 E0
519-529-7212
62 THE RURAL VOICE
MACHINERY
(coned from page 60)
true lease, a farmer may not be able to
deduct the payment directly for tax
purposes. A farmer should find out
what tax deductions he is entitled to.
Furthermore, if the arrangement is a
form of financing, the farmer, and not
the company, may be responsible for
insuring the machine.
"The main advantage of leasing is
that there is not as much capital
required up front," says Bob Becker of
Becker Farm Equipment. "However,
to get into a leasing program one may
have to have a minimum per cent
equity."
A good financial statement and
credit rating are required for leasing,
and many farmers who would qualify
for leasing would also qualify for credit
to purchase the machine. And, if a
company requires the first lease
payment in advance, one still has a
substantial initial outlay of capital.
"The main advantage
of leasing is that there
is not as much capital
required up front.
However, to get into a
leasing program one may
have to have a minimum
per cent equity."
If the money is borrowed to buy,
tax deductions of CCA and interest
often equal the amount of the lease
payment, resulting in a similar net
farm income and tax payable. Bank-
ers, however, may encourage leasing
because no additional liabilities occur
on the balance sheet and net worth is
not affected. The payment becomes an
additional expense on the income
statement. And the reduction of the
investment credit will decrease the tax
advantage of purchasing.
Both Becker and Van Bussel note
that leasing gives a farmer the oppor-
tunity to continue updating equipment.
"You always get the top of the line
with leasing," Van Bussel says. New
technology changes equipment every
year, and with a four or five-year lease,
a farmer can exchange "old" machinery
for the latest model.
Leasing also allows experimen-
tation with a specific model. If after
(cont'd on page 64)
BIG
SEASON SAVINGS
MF 265 cab, heater,
1600 hrs., excel. $11,000
Versatile 400 swather, 12',
w/cond., excel. $ 4,900
M K Martin Hay Baskets POA
Cockshutt cultivator, 16', w/
new S tines $ 1,700
New chain harrows, 15' $ 550
New -several Kongskilde culti-
vators, 3 ph and wheel models
Hagedom zero grazers, bale
thrower racks, flat racks,
and running gear
Elmira wagons, 7 T from $ 475
10 T from $ 750
Heavy duty round bale
feeders, 440 lbs., $ 300
E S Martin cattle crates w/
auto head gate sale $ 495
3 -Superior Precast heated
water bowls less than cost
New Precision 3 ph 120 gal
sprayer, 28' boom $ 1,600
New Precision trailer sprayer,
300 gal., 32' boom $ 4,300
New Precision auger, pto, 41'xT $ 1,500
LOUISTON
FARM SUPPLY
R. R. 2, Proton Station
(3 mi. N., 2 1/4 W. of Hopeville)
519-923-6584
"FOR TIRES YOU
CAN DEPEND ON"
CHOOSE
21:Io ESTIME
• PASSENGER • TRUCK • FARM
Featuring
2CQT
FROM A DEALER YOU
CAN DEPEND ON
SALES & SERVICE
Call or visit
Bast Tire
rs,
.4 and AUTO SERVICE
— 3 LOCATIONS —
KITCHENER
10 Balzer Rd.
Oct Fairway Rd
& Couniandl
8940360 6642282 291-3020
WATERLOO LISTOVVEL
RR 41 Hwy •23 Car City
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