Posted by redforlife on March 10, 2023 at 09:05:06 from (174.210.161.241):
In Reply to: Re: Tractor prices posted by Geo-TH,In on March 10, 2023 at 05:50:18:
You hit the nail on the head with the young wanting new.
In my area, most all the young guys would not do it, if they didn't have new to do it with. It's like they wouldn't be able to show thier face in town if they were seen planting with an open station tractor and an 8 row planter. Nope, gotta have the new tractor and new 16 or 24 row planter. If not, I'm not doing it. Seems to be thier motto. And of course, gotta have the new house and new vehicles to go right along with it.
I don't get it. I don't think it use to be this way back in time from what I can remember. The middle aged guys, and older gents were the ones buying the new stuff. Pay the farm and livestock off first, then buy new stuff. Probably in over thier head at times with just the financing for the farm and livestock without adding new equipment financing to it. Not that way anymore. It's like there is no end to the financing. Build a new house, buy a new pick-up, and then just go borrow some more money for a new tractor. And these are young guys doing this. Just starting out. Its like a financial statement is driving a new pick-up to town, and not an envolope that comes in the mail. Some will be in for a rude awakening if the 80's ever hits again.
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