Equipment Cost Analysis

Introduction: Welcome to the new Equipment Cost Analysis feature in Harvest Profit. This guide will walk you through how to add machines to your account and track their associated costs, including depreciation, repairs, and other expenses.

Steps to Use the Equipment Cost Analysis Feature

Navigate to the Equipment Page
Go to the Tools category on the left navigation panel and select the Equipment page.

Add New Machines to Your Account
There are two ways to add equipment to your account:

  1. Click the New Machine Button
    • Add Type, Color, Make, Nickname (optional), Model Year, and Purchase or Lease Date for the machine.
  2. Import from Operation Center
    • If you have equipment in John Deere’s Operation Center, Click on the Import from Operation Center button.

Add Financial Details
Once your machine is added, you can track its costs:

  • Enter Machine Price
  • Depreciation Rate
  • Starting Hours (the hours when you purchased the machine)
  • Add Repair Costs and other expenses
  • Estimate Hours Used for the year

Click Save to generate the Cost Analysis Table for your equipment. This table can project costs over 10, 15, or 20 years.

View Depreciation Schedule and Total Costs
Scroll down to view the machine’s depreciation schedule, total expenses, cost per hour, and machine hours used for the year.

Add Equipment to Applications
After adding a machine, go to the Inputs page and find the Equipment Category. Click Add Equipment and select the new piece of equipment. You will now see the costs for that machine reflected in your overhead costs for the year.

Apply Equipment Costs to Crops or Fields
Choose the crops or fields where you want to apply the equipment costs. This will allocate the expenses based on usage.

Track Equipment on the Profit & Loss Page
On the Profit & Loss (P&L) page, you'll see an equipment portion allocated for the new machine. This helps you monitor how equipment costs affect your overall profitability.

Need Help?

If you have any questions, please contact support at Harvest Profit by emailing us at support@harvestprofit.com. You can also reach us by clicking on the Help button in the bottom right-hand corner. Click on the Ask tab, and your email address will be automatically populated. From there, you can send us a message directly.