I can comment on the newer equipment. At least the dairies here anyways generally put huge hours on their equipment. My 100 hp Massey came from a smaller dairy with only 3 tractors, it was 4 years old and had 4000 hours on it. When you need it to run every day and you don't really have a down season for repairs you can't keep a fleet of 10,000 hour + machines running.
Another local dairy runs their operation differently, they keep a lot of tractors around. They keep 2-3 newer ones but instead of trading every 4 years they keep them and slide them down the positions - so they use the old ones to keep hours off the new ones. End up with 10+ tractors to keep running though. Handy lots of times as there is always a machine around for something. Transmission goes? Put it on the manure pump or the bale wrapper.
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