The current value of a machine really isn't the most important financial consideration, its the cost to keep running an older machine compared to what a new replacement would cost.When I can spend a fraction of the cost on a used baler to keep it running compared to a new one sure doesn't work for me to buy a new one.The round baler I've used the last 2 years with almost zero problems cost me $300 at an auction,a new one to replace it would be North of $20,000 and my cows eat the same hay with either one.The difference is I still have the 20k$ in hand.I actually have 8 of these balers that I have a grand total of less than $3000 total invested, so even subtracting that I'm still over $17,000 ahead of a new one and its not like the new one will run forever with no repair bills.
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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