I have been in the same boat. I don't borrow money for machinery so I end up buying something and reworking it until it works well. Then I am still left with something I may not find a part for down the road. A while back one of the neighbors had a meet and greet for a lady running for house of reps. She asked me how we could get more young people into farming (I am 39). I told her that we all either remember the 80's very well or were preached to about them. Farmers (most) coming in today are the opposite of the rest of society - we are scared to death of debt. When the bank comes calling they will only get land and the new pickup. I will still be able to farm. As much as it pains me to say it, borrow a little and get a new piece of equipment. Don't go overboard. Just newer and nicer. Pay it down and do it again. It is time for me to start thinking about a newer tractor. I suppose I will borrow to get it.
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Today's Featured Article - Seeing an Old Friend - by Joe Evans. Dad had a concrete contracting business starting in 1960. One of his first pieces of equipment was a Ferguson TO-35 with a Davis loader. Dad replaced the TO-35 with a MF 202 Workbull, essentially an industrialized Ferguson 35 I am told. Dad bought the 202 new in 1962, and I recall quite clearly going to the dealer with him to sign for it.
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