Posted by JD Seller on December 04, 2012 at 02:31:13 from (208.126.196.144):
In Reply to: In a Quandry. posted by Dalet on December 03, 2012 at 18:06:35:
Land is selling a record high prices. I think long term it will be an OK investment but short term not so much. All it takes is the grain prices to fall some and the land will drop a good bit in price. Also higher interest will also will move investors out of the land market then as well.
As far as old iron I would be real cautious on buying any for an investment. The price of collectible old tractors is a very fickle market. The common stuff is falling hard in price the last few years. I have seen some real nice tractors sell the last few months that did not bring much. It has to be rare to have held its value. Even then the big money is down on them too.
The age of the collectors is changing. The guys that drove many of these tractors as kids are passing on. So that is making the market change.
I would be an example of that. I have a few JD two cylinder tractors but only because they have some family value. They where a crude tractor when new and have not improved with age. I do collect the new generation tractors. Even thought they are just a few years newer they have many more creature comforts so they are much more user friendly. As I have gotten older the allure of an old hand crank tractor has waned. LOL.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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