Get Tractors on Rent online in India
20 Jul, 2020
Agriculture is the occupation of more than 50% of India’s population and to improve India’s economy, the growth in the agriculture Industry should be exponential. This demands that all the small and marginal scale agriculture should become efficient and self-sustaining. Small farmers directly impact the future of sustainable agricultural growth and food security of the country. Despite nearly 65% of Indians working in the farm sector, more than 20 crore Indian farmers have little or no access to mechanized tools
A recent survey by the National Bank For Agriculture and Rural Development (NABARD) found that access to farm machinery by the farmers is very less or nearly negligible. Only 5.2% of the farmers in India owned a tractor and just 1.8% owned a power tiller. Farm equipment is never cheaper and it is not very easy for the farmers to purchase it.
Keeping all this in mind, renting services in India for farm machinery have gained ground(tractors on rent). The agriculture ministry has developed a farm equipment rental app for Indian farmers, which can be used to hire tractors, rotavator, and other farm-related machinery on rent with affordable prizes and for with flexible tenures. They have also come up with initiatives to offer implements like the cultivator, rotary tiller, duck-foot cultivator, disc plow, disc harrow, mouldboard plow, thresher, and several others.
This has considerably helped in enhancing the revenue of tractor owners.
What is JFarm?
JFarm services provide easy access to farm mechanization solutions by renting of tractors and other farm equipment required by the farmers. It was an Initiative by TAFE - Tractors and Farm Equipment Limited to make all services available to farmers at an affordable price.
How JFarm Services work
With this pioneering JFarm platform, TAFE brings the benefits of the technology-enabled sharing economy to boost the income of Indian farmers.
Farmers looking to rent their existing tractors and farm equipment are linked directly to farmers seeking to hire them through the free of cost This is called as “Farmer-to-Farmer model” (F2F) of JFarm. This farm equipment rental platform turned out as a CSR initiative and many companies came forward for it.
The JFarm Services platform uses technology to provide free of cost access to rent farm mechanization solutions and in this way, it helps a lot of farmers who do not have the money to buy farm machinery. It also offers an opportunity to build a viable rural entrepreneurship model.
Agritech In India
The on-demand business model uses a mobile application to get any service. This model was introduced by the taxi booking company Uber some 10 years back. So this on-demand model is also called a Uber business model.
Farmers who have different agriculture equipment can easily rent it to nearby farmers who don’t have it. Farmers who need any equipment can get anything with less time and effort. All these activities can be done on a mobile app.
Benefits of having Uber Model For Tractors on Rent
• High farm productivity by using expensive equipment at a low cost.
• Easy access to farm machines.
• Even poor farmers can afford to rent farm machinery
• Very high turnaround cost for people owning farm equipment.
• Reduced equipment ownership cost.
• Less waiting time for farmers.
Large Agri machinery fleet owners
Large fleet owners having various Agri machinery who wants to rent the devices effectively can use Uber for farm equipment app. Some benefits of using this app for large machinery fleet owners are:-
• Easy end-to-end traceability of equipment
• Algorithm-based fleet management
• Scheduled maintenance at a specific frequency
• Rent management using financial tools
From the customer app, farmers can get any equipment for rental. This model is based on full ownership and the owner can get more profit margin.
Existing tractors startups
This Asia based startup company is an online marketplace for Agri equipment rental. So far this firm has got $3 million in funding. This is the first Uber for tractors platform in Asia. All kinds of Agri machinery are available here. They also provide rental and fleet management services for large Agri fleet owners through their SaaS+IoT platform.
Trringo is an online farm equipment rental company from India. It operates in 5 Indian states and serves more than 15 million farmers. It also accepts the call based booking apart from the mobile app. This startup also works on the franchise model.
Thus in this way, rental services for farm equipment prove to be very useful for both small scale and large scale farmers. Small scale farmers get resources at affordable prices and large scale farmers are able to use their resources properly and also earn money.
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