Where did I say anything about not borrowing for land or a farm? Those are almost always long term investments that will likely pay off over time as investments and therefore do make sense to borrow.
Borrowing for tractors and equipment makes sense too if that is how you make your living. That said all tractors and equipment do nothing but depreciate. Yeas a JD 4020 sells for more now than it did new but $10K was a lot of money in the 1960's but that same $10K today is not all that much buying power due to devaluation of the dollar. Farming is not even remotely how the OP makes his living though nor how I make my living either.
Heck by your logic I should get a 2nd job so I can buy expensive tractors I do not need. I should work 16 hours a day for the privledge of owning an $80,000 tractor to use in my leftover free time. I can easily make my piddle hobby farm pay for a few hundred dollar Farmall h or Farmall m....however my piddle hobby would not pay for an $80K tractor in my lifetime and I have zero desire to funnel my household income towards it either.
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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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