It would depend on the situation. If you're pressed for time that you don't have, then that gain in efficiency can be rather important. Once you get to the point that you're putting 3-500 hours per year on a tractor, I think you'll find that owning a new one is just as cheap as fixing an old one. I've always though that it was pretty much a wash in terms of operating cost. You trade depreciation for parts.... The downside of that scheme is that when you're installing your parts, the work is not getting done and crops may well be getting lost in the field. That's the hidden cost of old gear... and that can be a HUGE cost in time sensitive operations.
On the other hand, if you've gone to the new high tech tractors with Tier III emissions, well... good luck in that department. I think a lot of that stuff has more downtime than the old stuff, and this is BIG DOLLAR problems because it gets carted off to the dealer for repairs. For me, that would be a grand each way on a truck... so I'm content with the older stuff that's easy to fix right here. What I would prefer to do is have a bit more stuff from the mid-80's up to early 2000's as it's still realtively simple and easy to fix yet it gives most of the features of the newer gear. In some cases the older gear has a higher specification...
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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