I don't know about farm equipment, but when it comes to construction equipment, most machines are considered 'houred out' before they are typically paid off. In other words, if a machine reaches 5 years, or 10,000 hours, the manufacturer says it's time to get a new one.
The bad thing about this is that around the 5000 hour mark, at least for CAT excavators, you can expect to spend around $5,000 to $15,000 to rebuild the main pump.
On top of that you have regular maintenance costs, as well as repair costs for breakdowns, and all of that topped off with the downtime, and lost profits caused by those breakdowns.
It doesn't take much for all that money spent just keeping a modern machine running to add up to far more than the claimed 'fuel savings' that are typically the reason claimed for the majority of the technology being used.
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Today's Featured Article - Recollections of a John Deere GP - by Charlie Cook. I grew up on my dad's 280 acre general farm in Western Michigan. Dad's only tractor when I was very young was the old GP. My first recollection of this tractor was when dad allowed my brother and myself to ride on the tractor with him driving. One of us would sit on the left fender (away from the clutch) and other would sit on the gas tank and hold onto the crankcase breather pipe.
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