Good day Ladies and gentlemen in this wonderful forum.
Pls pardon me on my poor grammer because I know there are many who are after my grammatical expression. That is not the issue but I have building uncompleted in a city in Nigeria which I need to roof but by the same time am planning to go into farming. This has been disturbing for a long time (more than 2 years now) i have passion for farming since when I was young with my grand father in the village. I have a small poultry, a small concret fish pond, a Toyota hilux 1998 model and a standard Dry cleaning centre.
Although I love taking risks but to me this is a bigger one so I need an advice.
Should I buy the Farm tractor or Roof the house
Thanks Oniwo

Your priorities and some few smaller questions will help you to answer this major question well. Is the cost for the roofing same as that of the tractor? Is the tractor new, fairly used or ruggedly used? Of all the things U mentioned as assets, which one gives U a constant income? Is the house for commercial purpose or private use? If you can answer these questions sincerely to yourself, then U know the answer based on your priorities.

[quote author=anienge001]Your priorities and some few smaller questions will help you to answer this major question well. Is the cost for the roofing same as that of the tractor? Is the tractor new, fairly used or ruggedly used? Of all the things U mentioned as assets, which one gives U a constant income? Is the house for commercial purpose or private use? If you can answer these questions sincerely to yourself, then U know the answer based on your priorities.

Thanks May Almighty God reward u abundantly amen. The house is for private use while the tractor is tokubo one. Although the Dry Cleaner gave me the highest returns sir.

Both of them are important, but as the other poster said, its all about priority. If you are just venturing into farming, its not advisable to buy a tractor. You will be locking money into a business you have not proven. However, if you can hire out the tractor as well as use it on your farm, you may still profit. If that is the case, then a new tractor is better,fulfil because the hassles of a tokunbo may wipe out your profit. The best thing in my opinion is to hire a tractor from someone else when you need it and roof the house. Given that you have other businesses you should not have problems generating money to hire a tractor.

uchmann: Both of them are important, but as the other poster said, its all about priority. If you are just venturing into farming, its not advisable to buy a tractor. You will be locking money into a business you have not proven. However, if you can hire out the tractor as well as use it on your farm, you may still profit. If that is the case, then a new tractor is better,fulfil because the hassuiiibuniles of a tokunbo may wipe out your profit. The best thing in my opinion is to hire a tractor from someone else when you need it and roof the house. Given that you have other businesses you should not have problems generating money to hire a tractor.

Thanks in a million time.
To hire a tractor is not easy in area where I stayed. Am planning both dry season and rainning season farming.

As people has advised γ̲̣̣̥o̲̣̥υ̲̣̥, for a new farrmer γ̲̣̣̥o̲̣̥υ̲̣̥ have to depend on leasing n hiring for now. Roof the house as intended. If there is no leasing pple around you get labourers n with the use of chemicals γ̲̣̣̥o̲̣̥υ̲̣̥ will control weeds for a while. Don't put all your eggs in one basket. Think deep before plunging resources.

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amic farmer: As people has advised γ̲̣̣̥o̲̣̥υ̲̣̥, for a new farrmer γ̲̣̣̥o̲̣̥υ̲̣̥ have to depend on leasing n hiring for now. Roof the house as intended. If there is no leasing pple around you get labourers n with the use of chemicals γ̲̣̣̥o̲̣̥υ̲̣̥ will control weeds for a while. Don't put all your eggs in one basket. Think deep before plunging resources.

Thanks jare