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Very southern Mn | We all talk about the 4440 that is still worth close to new but nobody talks about a planter or a seeder or tillage implement for instance that technology is changing everyday and if you use it is wearing out. Or a tandem axle grain truck that almost no value or an auger that just plain wears out. Most successful people I know invested in things that appreciated, not depreciated. I know some very wealthy people that invested in stock market rather than land, lot of very wealthy people that invested in real estate, but not too many people in used machinery. I realize machinery is a necessary tool but at end of day if you average the market over a 10-20 year period and on the whole line it is probably worth less tomorrow than it is today. Take that from an old machinery dealer. People always talk about they should have held on to an old car or old tractor but even on most collectible item, would be hard to hold same return as good investment. Plus investment didn’t generally need new batteries or new tires. The only real way to make machinery pay is to die, your spouse gets stepped up basis and you depreciated it. So government paid for 30% or 40% and your spouse doesn’t have to pay it back. ( if item didn’t depreciate more than government deduction) | |
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Post from Graintrader on equipment
