I'm far from an expert but I figure they justify a new tractor just as some people justify a new car. I also thinl they look at it as a cost per acre expense. I don't buy much new equipment but I justify my upgrades by the expected reduction in downtime and repairs. Since I'm into cattle, I break the expense down by a cost per cow basis. When a piece of equipment gets to costing too much per cow I evaluate whether or not an upgrade might be less expense.
As far as the crop farmers go, another thing to consider is if they go bigger can they cover more ground and maybe less hired help. There are a lot of pieces to the puzzle and each operation is a little different. And, of course, there is the keeping up with the Jones justification.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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