Assume for a moment equipment is a non issue. Look at the purchase from pure economics. The reason I say its a non issue is you can crop share, cash rent out, rent equipment in, etc. Look at the whole package.
When I started on my own I had my cows and had them paid for. I was renting pasture. I sunk everything I had into land, and everything I had for the next five years to try and retire principle. With what I could scrounge I bought equipment. Junk mostly, literally in one case as my first hay rake I bought at of the scrap pile at a consignment auction in buckets. First I paid the land down, tried to fix and paint my equipment, then sell it after a year or two and buy better to fix and paint, etc. That was 23 years ago, and I was younger than you are now. Its all paid for and then some. My equipment is decent, most of the tractors were good used, most of the machinery I bought new. But, I waited until the bills were paid before I did. Yes, there has been some bumps in the road.
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Today's Featured Article - Usin Your Implements: Plow and Disc - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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