It's about business models,, you have to ask are you a farmer who does mechanical work OR a mechanic who farms? The mechanical skills are an asset to the farming operation and can shift your business plan to the good. Farm equipment is a bit different than cars and trucks is that you don't have as much exposure on accidents destroying them on the road so if it's going to generate revenue you can afford to repair or upgrade. The repairs will provide value to you for a number of years so in effect the cost of these repairs is spread out across several crops, not really much different than the deprecation you get on new equipment. So if you buy older equipment and sink a lot of time and money into but are doing the work yourself you can afford that. You might be able to own multiple old units for less than the cost of one new or near new. If you select well these units can back each other up and all you have to cover is known weak spots, but you'd end up doing that with new equipment anyway.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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