John_Mc
Elite Member
- Joined
- Aug 11, 2001
- Messages
- 4,477
- Location
- Monkton, Vermont
- Tractor
- NH TC33D Modified with belly pan, limb risers & FOPS. Honda Pioneer 520 & antique Coot UTV
I've often wondered about co-owning equipment along those lines. It seems there would be a lot of opportunity. I know lots of people who own their own log splitters, purely for personal use, splitting a few cords per year. When you look at the hours any one splitter is used, it would make sense for several people to go in together and buy one nice one. The same could be said for more expensive equipment, perhaps things that no individual could financially justify owning.Several pieces of equipment meets the seldom used description. I've often wondered how a co-op ownership with members renting equipment from themselves would work. Whether a member or not,a business with space and manpower would be paid to handle rentals. Equipment might even be available to non-members. The question is whether co-owners would take better care of equipment than when its borrowed. I've heard of barter clubs but never talked to anyone with experience. The more expensive or shorter lived equipment earns more points per day/hour than lesser equipment. Bartering lends itself to equipment owner operating it as well. As combines have grown larger and more sophisticated fewer farmers in my area own one and hire their crops harvested.
Of course, co-owning equipment could also be a great way to ruin a friendship. I used to lend various equipment out to friends. I've learned my lesson. Anymore, the most complicated and expensive thing I lend out is a shovel. If things get much more expensive/complex than that, the loan comes with an operator (me). Then there is always that one person who can manage to break an anvil. How do you decide what is abuse or an accident that some individual should pay to repair vs normal wear and tear?