I don't know about farm equipment, but when it comes to construction equipment, most machines are considered 'houred out' before they are typically paid off. In other words, if a machine reaches 5 years, or 10,000 hours, the manufacturer says it's time to get a new one.
The bad thing about this is that around the 5000 hour mark, at least for CAT excavators, you can expect to spend around $5,000 to $15,000 to rebuild the main pump.
On top of that you have regular maintenance costs, as well as repair costs for breakdowns, and all of that topped off with the downtime, and lost profits caused by those breakdowns.
It doesn't take much for all that money spent just keeping a modern machine running to add up to far more than the claimed 'fuel savings' that are typically the reason claimed for the majority of the technology being used.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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