Re: Old vs. New tractors

Posted by Kelly C on February 10, 2005 at 06:58:53 from (63.171.43.140):

In Reply to: Re: Old vs. New tractors posted by Allan in NE on February 10, 2005 at 05:55:41:

From what I have gleened so far. I agree with you on this. For full time Farmers leasing new equipment and deducting the total cost of the equipment is better way to go. If your big enough to do that.

I do have a guy working for me that just purchased a new JD 4wd and he does 240 acres and some cattle.
He said he did it because he cant afford to be down at all. With him and his wife both working outside the Farm time is a real issue.
I also agree with that as I find time a big issue for me also. But I think he could have been better served by a back up tractor to use when the other needs repairs.
Heck you can have 2 pretty good IH tractors for $20,000 compared to one new one for $45,000

I use the back up plan for my hobby haying. a 400 and a 460. cost about 8,000 total. Thats the cost after I get them where I want them.
When I get bigger I then will add a bigger tractor and remove the 460.
I dont really concider the cost of a old tractor into the figures at all. Depreciation on these was done years ago. So a 460 I purchased for $3500 3 years ago will still bring $3500 when I sell it. The real cost of using this stuff is the upkeep. Can be quite a bit depending on the condition when you get it. But I suspect that is still quite a bit less than interest on a loan or depriation you take on a newer one.

I understand what I do may not be relitive to this conversation though. I keep one toe in and a foot out. That way if I get sick of it I can get out with out loosing any thing.

Follow Ups:

• Re: Old vs. New tractors greywynd 08:11:36 02/11/05 (0)

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