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Canada: Needs and Wants -- Equipment Replacement Plan for 2014

Winter can be a good time to contemplate and realistically weigh needs and wants and formulate an equipment replacement plan for the coming year. “When thinking about replacing equipment it’s important to define what equipment needs to upgraded that year, and what can be afforded, spent or financed,” says Rick Dehod, agriculture farm financial specialist with Alberta Agriculture and Rural Development. In a recent interview, Dehod talks about farm business planning.

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