There has been a lot of good advice given to you so far, so I won't repeat it, but will say this: anyone in high school now, even college, has not seen low grain prices in their adult lives. It is really easy to look successful with the strong profit margins we have seen the past six or seven years. So it is easy to get caught up in trading equipment more frequently nowadays than what it was years ago. Your classmates have never seen a bad year where they have had to scrape for a living, so that has shaped their perspective into thinking what they have known is the norm. Things will change, and when they do, you will be much better off than someone who has to send the shiny stuff back to the dealer just to afford to keep farming. I'm 31, so I can relate. My "new" purchase last year was a 1981 4640. It works great and I love running it. And its paid for....
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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