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The Secret Cost of Corrosion on the Homestead

| 12/27/2019 9:43:00 AM

Photo by Unsplash/Jen Theodore

In 2016, the corrosion of equipment and materials cost the United States more than $1 trillion, a number that has risen by $724 billion since 1998. The only two areas with higher total spending are healthcare and real estate. 

A few billion dollars is not an amount most can afford to pay, though some have little choice. Farmers earn their livelihood through the help of expensive machinery. Without it, their jobs are more complicated and time-consuming. They, along with homesteaders, must spend thousands on replacing corroded equipment each year. 

This issue is difficult to fix and often merits the purchase of new machinery. However, preventing corrosion is cheaper and easier than most people realize. 

How Much Will Corrosion Cost?

Replacing equipment is always expensive — it's just a question of how expensive. How much did you pay for what you currently own? Was it new or pre-owned? Odds are, the price you initially paid has only gone up. If you have to purchase more than one item, the total adds up fast. 

If you need a new forklift, storage cabinets and handrails, for example, you're looking at approximately $23,700 in replacement costs — and that doesn't account for other farming expenses, like planting crops and maintaining livestock. By contrast, paint or a protective metal coating will cost a few hundred dollars at most. 

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