Tractors have become increasingly expensive as a result of increased technology and regulations around safety and engine emissions. They are one of the biggest investments a farmer can make, so the decision has to be considered carefully. A tractor needs to be reliable and dependable and is therefore a worthwhile investment.

When a tractor is due to be upgraded, many Irish farmers believe that buying is the only way. However, in recent years, hiring has become another option for farmers. Here, we crunch the numbers to find out if hiring is a viable option for a farmer who is in the market for a new tractor.