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Very southern Mn | The problem with all ag , especially crop production ag, and every area different, but across a lot of Midwest, is that if you could hire it all done in a timely manner , deliver it straight to a elevator, have it all contracted, and invest the money in land or stock, spend your time wisely on marketing and taking care of your business and livestock, most would far more ahead at retirement. On paper it is a perfect plan but in reality it doesn’t work. Owning machinery costs today in the high priced overhead that we have such a s repairs and interest and depreciation because of technology etc are unprecedented.
Same could be said for shops that cost 500000 to a million dollars or more. Some get their monies worth while others get used to wax and store equipment. A 750000 shop costs you a minimum of 7000-8000 a month in interest, depreciation, taxes and insurance. | |
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Help me with the economics of a bin.
