Gary: I can fully understand your reasoning, but is that the answer for a guy that really doesn't have an economic use for a 1066. You know and I know there is only one way to recover the investment of rebuilding just about any size tractor, that being work the investment out of it.
Yes, I quite agree there is quite a different situation between southern Ontario and Iowa, however there are also some funny economics between buying a new tractor in Canada and USA, or at least there was. These boys may be crying now over all the used tractors shipped state side, in the past 25 years. they might like to have them back.
All those many years the CAD was plus or minus $0.70 USD, John Deere, CaseIH and New Holland were selling new tractors for less actual CAD here in Canada, than you folks were paying in actual USD. Roughly 40% less money. This started in the late 80s by Deere, they would buy a farmer's used big tractor, ship it to the US overnight, and lease him a new Deere for little more than interest on the investment. A friend of mine did one of these deals selling his 986 to Deere, then leasing a new 125HP Deere. Learning of the deal another farmer landed at Deere dealer next morning wanting to buy the 986. That was in Truro, Nova Scotia, and he learned that 986 had made Upstate New York overnight. I've talked with many others and it's quite clear Deere wanted those used tractors out of the country. CaseIH and New Holland soon got in on the act.
Buying was very little different from leasing. I know a farmer that bought a 160-200 hp CaseIH in 1992. One year later he was offered a price he couldn't refuse for his herd of cattle plus his milk contract. The buyer didn't want his tractors and equipment, thus he had an auction. A buyer from NY bought that one year old tractor, paying $2,000. more than it cost new. In fact the local farmer bidding against him, went and bought a new one for very little more than his last bid at the auction.
This went on well into 2004-2005, may still be I haven't been following it lately. In 2004, I talked with a guy leasing new Deere's. He said when the lease is up, they don't got back to the dealer, in fact they are picked up by US lisenced trucks. It seems as though the industry is determined those used tractors will be sold in the US. I travel a bit, here in Canada, used tractors are scarce here compared to in the US. That may be changing with the dollar.
If you ever look at Iron Solutions, as far back as one year ago a Deere dealer in Nova Scotia has had close to 300 tractors mainly Deere, and quite new ones, advertized. I questioned some of my of my friends knowing full well this dealer normally wouldn't have more than 40-50 tractors in inventory. I learned this is the inventory of 3 bankrupt Deere dealers in neighboring New Brunswick. I have encountered 3 different trailer loads here in Ontario, talked with those truckers, and it was indeed this same inventory and they were headed for places like Iowa, Montana, etc.
This also is probably a substancial part of the reason we in Canada don't see many 10 to 35 year old tractors. It has been the desire of the manufacturers to keep it that way.
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