Posted by redforlife on February 06, 2023 at 08:35:23 from (68.234.121.189):
In Reply to: High prices posted by tractorkrum on February 05, 2023 at 08:00:15:
Interest rates were at such a low (near nothing), that it would take a sustantial increase on that to make any difference at all. A couple three 1/4 percent interest rate hikes is not going to make much difference, when it needs to go up 2 or 3 percent. And that only comes into effect for those who are financing what they buy.
But there is another side to that. The other side being the ones who are not using financing to buy thier things (paying with thier own cash). Even right now, a CD, savings account, etc., is not paying an interest rate worth while of having your money in there. Might as well keep that money invested into something else. If that money is invested in farm equipment, then there is an income tax break, as that can be chalked up as an operating expense. Probably do you more good depreciating something out on your income tax, than using the same money to draw interest in a CD at the bank. If the used equipment don't depreciate in value over time, then that would be kind of a plus in the end. The end result of that kind of doesn't make any difference, if the purpose of owning it is to help you out on income taxes.
Right now, most farmers have extra cash in thier pockets. We won't see any changes until that extra cash is no longer there. What will that take? I don't know. $4 corn for 3 years in row might make alot of changes. 10 or 15 percent interest rates would definately put a hurt on something.
Your not going to change the interest rate a 1/4 of a percent, and see the changes that you are wanting to see.
Upload one or more videos to your post. Photo and video filesizes should be less than 5MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
