I suppose it depends on the size of your operation, and whether it's the sole source of revenue.
We sit on 400 acres, and run a small # of cattle. It's absolutely unjustified to buy new equipment. Makes no sense.
If you look at ROI for the same dollars invested somewhere else, it simply doesn't pay to go out and buy the newer stuff.
We borrowed a JD 5420(?)(K'kins boss owns it, and I always forget to look at the model number) to move some hay yesterday. Great little tractor, but it beats you to death because it's too light, and has a short wheelbase.................but I wouldn't dream of buying one. The numbers don't crunch. But, Dammy Mammy, I sure do love that air conditioner.
So............let's say you're only running 60 head. Revenue is paltry, to say the least. But, if you can keep the old iron together, and running, it's profitable. Anything above a 10% yield is worth getting out of bed in the morning.
The past coupla years has really pushed us to the breaking point. Most of our stuff is nearing the end of its service life. And, so am I. I'm beyond retirement age. I'm seriously considering selling the whole lot, and putting the money in the market. Even in the current Bear Market, there's decent money to be made................without the headaches.
So, after this short lil' novel, I guess what I'm saying is........... There's nothing wrong with old equipment if you can keep it running. I can liquidate tomorrow, and not owe a dime. Most of my neighbors can't.
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Today's Featured Article - Tractor Profile: Ferguson TO-20 - by Staff. When the infamous "Handshake Agreement" between Henry Ford and Harry Ferguson fell by the wayside (that's a story in itself), Harry Ferguson quickly set up manufacturing plants for a United States version of his English TE-20. The TO-20 was relatively the same as the TE-20 except utilized some different casting materials and had a US-style electrical system. The TO-20 was a dead ringer for the Ford 9N and 2N models and they say that Ferguson did this on purpose when the Handshake Agreement wen
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