I'm far from an expert but I figure they justify a new tractor just as some people justify a new car. I also thinl they look at it as a cost per acre expense. I don't buy much new equipment but I justify my upgrades by the expected reduction in downtime and repairs. Since I'm into cattle, I break the expense down by a cost per cow basis. When a piece of equipment gets to costing too much per cow I evaluate whether or not an upgrade might be less expense.
As far as the crop farmers go, another thing to consider is if they go bigger can they cover more ground and maybe less hired help. There are a lot of pieces to the puzzle and each operation is a little different. And, of course, there is the keeping up with the Jones justification.
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Today's Featured Article - Harvestin Corn in Southern Wisconsin: The Early Years - by Pat Browning. In this area of Wisconsin, most crops are raised to support livestock production or dairy herds in various forms. Corn products were harvested for grain, and for ensilage (we always just called it 'silage'). Silo Filling Time On dairy farms back in the 30's and into the first half of the 40's, making of corn silage was done with horses pulling a corn binder producing tied bundles of fresh, sweet-smelling corn plants, nice green leaves with ear; the
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