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Trucking a lot of equipment - is it worth it?

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jdemaris

10-07-2007 10:35:50

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Anybody here ever move to another part of the country and take heavy equipment with them?

I've been considering the possibility of selling off all my land in New York state and moving to the Upper Peninsula in Michigan. Not because I think the UP is better than here - mainly because the only family I have left lives in northern Michigan - i.e. my wife's parents. This move - perhaps - might also give me another chance in my lifetime to escape development one more time. In the area I live now, the farms are disappearing fast - while city people keep moving in, building second or third homes, proclaiming the beauty of this area - and at the same time - complaining about the backwards nature and lack of services, etc. etc.

In this area of New York, anybody I've known - that owned equipment and moved - had a public on-site auction, sold everything, and then . . . maybe - rebought some stuff at the new place they moved to.

Recently, we've had some Amish families move to this area from the state of Maryland. Some of them had lots of equipment brought up in tractor-trailer convoys - but I'm thinking that's got to be pretty expensive.

I've got over a hundred cars, trucks, tractors, dozers and backhoes, etc. I've been wondering if it could be any where near cost-effective to truck some of my favorite pieces - but I suspect it's not. Take, for example, an old 17,000 lb. loader-backhoe. I love them machine - but it's probably only worth $4000 - $6000. Same with my smaller Case 580CK hoe, Ford 4000 hoe, and Deere 350 crawler with hoe. If a $6000 machine cost $2000 to truck - then it's then worth a lot less to hang on to. But, the other side of the coin is - I know in some parts of the country - equipment is expensive and sometimes hard to find.

Anybody done this - or know more about the cost of long-distance trucking?

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B-maniac

10-08-2007 20:00:16

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

Ah , the UP. Beautiful place to live! Hard place to make a living. You have no doubt already figured that problem out though. I , on the other hand havn't. I live in central Mi. and trip up there every chance I get. Personally , I would sell all but a couple of your favorites and start over up there. Not only is it the smart thing to do but think of the fun you will have "shopping" all over again. The shopping and buying is the funnest part , assuming you are the "wheeler dealer" type. Good luck in the U.P. One of the last frontiers and you get to be a real "yooper".

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Dave Sherburne NY

10-08-2007 11:29:37

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

In 1990 I packed up and moved to Wis. whittled it
down to one semi load, and when everyone was telling me $2000 to haul it, I talked to a farm equipment manufacture in Wis. and he sent me to the guy who
hauled his products, and it was $600 bucks for the load his cost for fuel to get home. He was going empty any way. Sorry, the trucker has passed on now.
All I had to do was get the stuff to the dealer he
delivered to.

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Mike M

10-08-2007 06:36:55

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

Might be the perfect time to liquidate ? You can downsize to what you really NEED and only ship those items. Then you can start building that collection of stuff you WANT back up all over again. LOL

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Gene Dotson

10-07-2007 19:25:01

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

A friend's father in law sold his land at the north edge of Columbus, Ohio to a large developer. They bought a farm for him with twice the acreage, paid him 1 million dollars and moved all his machinery. Maybe this would work for you?

That 300 acres is now high density housing and he is 2 counties away and very little chance of developement encroaching on him... Gene

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JK-NY

10-07-2007 18:56:36

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

Sorry to hear you may be leaving NY - but best wishes what ever you decide. I have a friend who moved back from WI to his fathers farm here in NY after his father died . He trucked his cows back and hired at least 3-4 tractor trailer loads of equipment hauled . This was 25 years ago. From a strictly financial perspective , I would imagine hired hauling or the cost of fuel, tolls etc etc would make it pretty expensive to move anything but hard to replace or favorite pieces of equipment. Not sure if you cross through Canada to get there but I'd look into any customs issues too if needed. You may be able to buy a larger gooseneck and do some hauling your self , but I imagine from a financial view point it'd be easier/cheaper to sell most of bigger pieces here and repurchase things as needed out there.Good luck with your decision .

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jdemaris

10-08-2007 10:50:20

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Re: Trucking a lot of equipment - is it worth it? in reply to JK-NY, 10-07-2007 18:56:36

We may never do it - I find the prospect of moving kind of scary. As an adult, I've only lived two places - Northen Vermont - and here in central New York. I've been collecting old trucks, boats, guns, tractors, etc. for over 30 years here - and have it piled up all over the place - inside and outside. I know that much of it would never get replaced if I sold it off. New York has some of the most beautiful areas in this country. We own land in three different areas - here in Otsego County near Cooperstown, up on the Tug Hill Plateau in Jefferson Co., and also in Hamilton Co. in the Adirondack mountains. That makes it tough to find land in a place like Michigan and get very enthused. We have seen a few areas in the UP that have some rolling hills - which is at least better that flat drained swamp full of small "popple" trees. This area is getting a bit too crowded for my tastes and taxes are getting nuts. Thirty years ago - just in our small town alone - we had over forty dairy farms. We now have two. I wonder though, if the same problems will exist everywhere in the USA soon? In regard to getting a trailer - I have a gooseneck and can pull with my Ford diesel F250 or my Dodge Cummins. But, it would be - at best - one piece at a time and a long haul. We usually do take the upper route through Canada and camp along the way. Step number one would be finding a place in the Michigan UP we actually like - and that has not happened yet. If it does - then it's on to step two - what to do with all this stuff. Another option we've considered is not selling off our New York properties - at least not right away. At least that way, I'm not burning my bridges - and I can leave equipment stored here, and take all the time - and years - I want to move it. But, that means paying a lot of taxes, and not getting any cash from the properties we own now. Main thing is - we no longer have any family here. My adult children all moved to Colorado near Denver. So, all my older children and my grandchildren are out west. But, we have a new child - just turned four years old. Thus the problem. We want to give him the chance to have some family around while he grows up (other than us) and also - or maybe - a chance to grow up in an area that will stay more rural for awhile. My wife's parents live just below the big Mac bridge in Alpena - which is too civilizied and big for our tastes. But, a move to the UP would put us pretty close - yet - far enough away in the boonies.

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JK-NY

10-08-2007 12:50:18

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-08-2007 10:50:20

Sounds like it would be easier to move the in- laws to NY unless they have more inventory than you. I agree on the idea of having family around when a child is young. I was raised with my mothers parents right up the road. My grandparents were as much of an influence on my life as my parents. I purchased their home after my grandmother passed on. My grandfather passed away 2 years ago at the age of 101. I often think back over the first 35 +/- years of my life with both grandparents alive as one of the happiest times in my life. My sister and her family lived up the road from me till 4 or 5 years ago , when they relocated to MO , due to NY taxes and winters. In many ways she now regrets the move as they have moved halfway across the US from their families . I think the problem of less farms is not just a NY issue , it is more of an economy issue. Higher operating expenses, taxes, fuel costs etc which outpace commodity prices keep driving more people out of business and only the largest operations can make enough money to really keep going. I'm sure you notice along with less farms are less Equipment dealers and Ag related businesses. My area (just south of Syracuse ) continues to become less of a rural area all the time but I dont plan on leaving due to family in the area and it would cost a pretty good amount to start over somewhere else , although if I sold out here the proceeds would probably buy me a decent sized farm ?? Well, good luck whatever you decide.

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Leland

10-07-2007 18:27:41

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

The cars alone will cost 8-900.00 a piece to move on a car carrier 8-9 at a time .with fuel being high right now sell off what you don't need and keep the rest .

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jhill52

10-07-2007 18:07:24

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

I am from the thumb of Mi. I would try to take the best pieces and sell the rest. I think it would be hard to find good equipment in the UP. Stuff up the gets pretty tough use. Do you need 4 backhoes etc. I know in Ny you have several places but if you move I would think you would only have 1 place. If you shop around you might get goos deals on hauls. I worked with a truck broker and got some good deals on hauling equipment as it was put on with a larger paying load.

Hope this helps

Jerry

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26Red

10-07-2007 16:44:06

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

Too bad you can"t ship it all by rail..on flat cars or in shipping containers.

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DAN9-Midwest

10-07-2007 16:41:23

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

I did it and moved 1100 miles. Glad I did it.

It took two years of planning to sell the farm and empty the barns. I decided on the major pieces that I wanted and figured out how ot do it. I hauled some stuff down on my trailers and made maybe four trips like that.

Then I loaded a farm truck with all I could get on it and loaded that onto a flatbed with other stuff. Got a "backhaul" so it was cheaper. A couple trips like that and I was good to go. Got a fixed cash price from a guy.

That was 9 years years ago and 80% of the stuff I couldn't love without is now gone and replaced with other things. The one tractor and loader I did sell before I moved I sort of wish I still had. Go figure.

To me, it was worth it.

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Steven f/AZ

10-07-2007 14:11:24

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

Check with trucking companies... I was quoted $2 per loaded mile for a full semi load not too long ago, but fuel prices have gone up since then.

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John N Mi

10-07-2007 12:59:06

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

If you decide to move the equipment you will need to budget some big bucks for the tolls on the BIG MACK Bridge. They charge per axle loaded or empty and it ain't cheap.
John

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Eric SEI

10-07-2007 12:28:52

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

I would look into buying an old flat bed semi, move myself, and then maybe sell the truck. Shouldn't cost more than a half dozen phone calls to find out what that would cost.

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Lanse

10-07-2007 12:00:14

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

I would, just because thouse machines would have cedimental value to me. But hey, if you decide not to, just drop em' off at my place :-)

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TWheat

10-07-2007 11:22:19

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

If you have a place to store it when you get to the new place,I would haul everything you really care for and enjoy and that would be difficult to replace. I moved from KY to FL a few years back and sold lots of stuff rather than move it, but I didn't have the first shed or barn to put anything in here.. I did move some little tractors and tools that I could haul myself and I had to tarp that until I could get some storage built. What I sold, cost more to replace than what I got for it.Either way, it isn't goin to be cheap.

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rrlund

10-07-2007 11:08:10

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

I'd considered it. We were seriously thinking about selling out here in Michigan and buying a cow/calf set up in Missouri. Would have probably just taken some of the tractors and the newer hay tools. I was talikng to a dealer in Kentucky a few years back. Said somebody from Wisconsin had hauled most of his stuff down there when he moved there. Used their dock to unload and put tongues back on,that sort of thing. A local guy here moved to Wisconsin,had an auction of his older stuff,took the newer things with him. I know another guy who's father moved the family here from New Jersey in the early 60s. Brought everything along,machinery,cattle and all. Biggest tractor he had was a JD 620 though. Thing is,if you sell everything then buy back,you'll have to pay capital gains,then depreciate what you buy,so it will take a while to recoup what you spend. Unless you do a 1031 exchange,but when it comes to equipment,its a bear.You have to spend the money from a tractor on a tractor,combine on a combine,etc. You'll pay cap gains on any difference if you don't spend it all,or on anything that you don't replace. Could be a nightmare. Myself,I thought it would be worth taking things with me rather than replacing it on the other end.

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Goose

10-07-2007 10:53:25

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Re: Trucking a lot of equipment - is it worth it? in reply to jdemaris, 10-07-2007 10:35:50

I've never done it, but it looks like the potential for a financially-draining nightmare that would haunt you for years. The Amish can pull it off because thay have organization and a huge amount of volunteer labor.

To me, it looks a lot simpler to auction everything where it is, and buy what you need/want when you get to Michigan.

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