SHARING and joint ownership are ways to access bigger equipment, thereby boosting capacity and capturing operational efficiencies. As you enter such an arrangement, cover all bases. One is liability insurance. Here's an example: Bob and Bill are neighbors. Each grows about the same amount of corn and soybeans. Each has a fixer-upper combine. Both sell their combines. Bob buys a new combine. Bill buys a corn head, a grain platform and a grain cart.
展开▼
