Dick Longwood - 2/2/2024 18:10
Dan Loehr - 2/2/2024 18:34
No matter how much money you have
$300K is way too much to run 150K bu a year
I don’t see it the same way as a NAT member above
300,000 divided by 40 years is $7500 a year that math is true
Leaving out interest and repairs is short sighted
300K X 10% is 30K a year I think 10% is very low
Usually figure 20% depreciation interest repair taxes insurance
No interest on this. Not worried about depreciation, not something I plan on selling or trading in and God willing I'll farm, live here, and use it until I'm dead. Would hope repairs amount to a little of nothing on a brand new understressed unit. Don't have a hard number on tax/insurance but assuming this thing will cost me $60k a year to own seems absurd.
There are costs associated. It's also not free to have augers everywhere or a tractor running them all the time. I figure the next 40 years will see me spend $100k on augers and diesel especially figuring inflation.
Justify a Grain Leg
