Senior Advisor
Posts: 4,440
Registered: ‎06-19-2011

Borrowed Machinery Value

I've got a neighbor who is a good friend in which we do significant labor swapping.  He has done some custom drilling for me and in return, I allowed him to graze some of my milo stubs.  Throughout the year, he has also borrowed a few other pieces of smaller equipment, such as box scraper, rotary mower, all my corral panels along with the carrier, etc, etc, etc...   My question, I have no problem loaning him anything since he takes good care of it all, but using my equipment has some value, how does one figure out that value?  Finding a common dollar per acre for custom work isn't an issue, but finding a value of borrowed equipment as another issue.

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