I'm more into the construction side of equipment than the agricultural side, but I see the same thing over here too, and encourage it. On this side of the fence, often it actually does make sense to refurbish/restore an older machine rather than to buy a new one.
I've got one customer that we completely redid a D9G CAT dozer for a few years back, in fact I've posted a couple of pictures of the project on here over the years. In his case, with a new machine approaching a million dollars, he wound up with a practically new, but older model, machine, that could do the same amount of work, for less than half the price. Not to mention when something breaks it's simple often simple enough to be repaired with basic hand tools, and when it's not, he can call me and pay far less than he would have to pay a dealership to put send out on of their "technicians/parts changers" with a computer. Even better, there are plenty of NOS and quality aftermarket parts available for the older machines that will keep them running for a lot less than the parts for the new machines.
In the end, the cost to restore anything will always be an issue to some. However, the simple fact is these older machines will still be operational, and repairable, years from now, while the electronics in the newest stuff either isn't repairable because the electronics were obsoleted a year or two after it came out, or the cost to repair is so HIGH due to the electronics that are available, that they get parked.
Like I said, that's what I see on the construction side of the fence, and based on what of the ag side I do see, I imagine it's either already to that point, or getting close, at least for the small time guys.
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Today's Featured Article - Gettin My Old Tractor Home - by Clayton Sweeney. My name is Clayton Sweeney. I am from Southern Maryland in a small town called Lothian. I am 20 and my father and I are the proud owner of a 1954 Allis Chalmers WD-45. When I was 18, I dated a girl in the next county over. Her family are tobacco farmers. It was a cold Thanksgiving evening, and we were going up to her Grandparents house. As we passed one of their barns, I noticed something orange in the corner of my eye in this old shed. It was pretty dark and I asked what it was
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