Earlier quoted context omitted.
Capital was actually a big part of it. The plantation owner didn't just need to capitalize the cost of the land, but the labor as well. When someone purchased a slave, they were paying up front for the remaining labor that could come from that body. This was often pretty expensive when the body was young. Before the Civil War, New Orleans was one of the biggest banking centers of the US because of all of the borrowin…
Reading this post made me wonder if there were "temp agency" type businesses for slaves. Having to own the labor would make your it very difficult to expand and contract your workforce. Morality aside, it really doesn't seem like a great system.
I think it was fairly common for plantations to loan, rent, or trade slaves just as they treated any other asset.