After the cost of land, the equipment and machinery needed to run your operation tends to be one of the larger production expenses you face. Given the opportunity to lease some items, sometimes it's smarter to lease than to buy equipment. The trick is to know when to select which option.

The new publication "Purchasing and Leasing Farm Equipment" from MidWest Plan Service is designed to help you make that choice. The booklet explains purchase, lease and rental options, how to negotiate lease agreements, as well as tax and financial considerations.

The cost per copy is $4, plus shipping and handling. To order, contact the MidWest Plan Service at (800) 562-3618. Ask for publication number NCR-615. You also can order online at: www.mwpshq.org