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NE Iowa | Hidden cost to keep current on machines needs to be factored in as well.
Straight cost is what you paid for it less what can sell it for divided by your acres.
Also need to add in the 1000 hour class 7 machine that took you 150k to purchase today will probably cost you $200k to buy like for like 4-5 years down the road from now when you want to replace it. Add that $50k difference to your normal depreciation plus repairs and fuel and divide that total by your acres punched thru the machine. | |
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Crop budget - combine cost
