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| The problem I see is that stuff gets to old to find parts or knowledgeable mechanics for so it must be replaced. I like my 40 year old tractor just fine but if it goes to a shop they just run up a big bill and it is just like it was when it went in. That leaves me three choices.
1 fix it myself. I no longer have the physical ability to do this. Also would require attaining more knowledge. Also would require probably 20,000 in parts to fix a $4500 tractor.
2 Buy used. you are buying some one else s problems. A 20 year old tractor will cost 1/2 of a new one and probably will need $20 - 40 thousand spent on it it 5 years, may be this year.
3 Buy new. Big bucks and possible big repairs when the warranty is up. Possibly before.
None of the situations looks appealing to me.
That being said a farmer must put his cash where it will do the most good. Right now interest is 0 so I will buy machinery if it gives a return over depreciation. | |
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Machinery purchases... does it ever stop?
