Welcome! Please use the navigational links to explore our website.
PartsASAP LogoCompany Logo (800) 853-2651

Shop Now

   Allis Chalmers Case Farmall IH Ford 8N,9N,2N Ford
   Ferguson John Deere Massey Ferguson Minn. Moline Oliver
 
Marketplace
Classified Ads
Photo Ads
Tractor Parts
Salvage

Community
Discussion Forums
Project Journals
Your Stories
Events Calendar
Hauling Schedule

Galleries
Tractor Photos
Implement Photos
Vintage Photos
Help Identify
Parts & Pieces
Stuck & Troubled
Vintage Ads
Community Album
Photo Ad Archives

Research & Info
Articles
Tractor Registry
Tip of the Day
Safety Cartoons
Tractor Values
Serial Numbers
Tune-Up Guide
Paint Codes
List Prices
Production Nbrs
Tune-Up Specs
Torque Values
3-Point Specs
Glossary

Miscellaneous
Tractor Games
Just For Kids
Virtual Show
Museum Guide
Memorial Page
Feedback Form

Yesterday's Tractors Facebook Page

  
Tractor Talk Discussion Board

Am I being wise, or stupid???

[ Expand ] [ View Replies ] [ Add a Reply ] [ Return to Forum ]

Posted by Luke S on November 18, 2006 at 07:34:25 from (65.161.251.246):

I have been in a debate with myself for a year or so, and I think I am about to reach a decision, but I thought I'd seek out some advice here. To give those of you who don't know me a little background, I am 25 married for 6 years, have a steady job with good income as does my wife, we aren't rich, but paying our bills and saving some too. My wife is pregnent with our first child. We have a farm that is about 70 acres in east central Missouri, that we run our own horses and a couple cows on, and I bale hay for a hobby and for some extra income. I have about 50 acres of real good hay ground. This year I baled about 2000 square bales and had extremely good succes. Sold every bale of it no longer than 30 days after it was baled. I get $3.50 a bale for 50-55lb bales of orchard grass/fescue/clover mix and I sell only to the horse market. My mother is my biggest customer as she owns a big boarding stable in St.Louis and she feeds 5,000 bales a year. I have other smaller customers who want to buy from me as well. My problem is storage and handling of the small squares. I have a small barn loft that'll hold 400 bale's, but that is it. My propostion is to build a 40'x70'x15' shed that is closed in on two sides at first to save money, and maybe later I'll close in the other two sides if I want. I can get this shed built for about $8,000-9,000. I have enough savings to do it but I don't want to pull that much out because I think we need to have a good nest egg built up for when our baby arrives next spring. I have a very good banker, who will loan me the money to do it, and I can borrow it against my farm. I do not owe money on anything else, no vehicle payments, no credit cards, only my farm, which I currently owe about $155,000 on, and it is valued at about $310,000-$350,000. What am trying to decided is, is it wise to build this new shed to allow me to make more squares to sell. I could be my mothers exclusive supplier if I wanted, which would give me $17,500 income in sales the first year, seems like a good investment to me, as the value of the shed will only add to the value of my farm, and it will allow me to have more income also, and it'll give me a place to store some of my round bales also. Maybe this is all crazy, I don't know? If I had a shed that tall I could also get a New Holland bale wagon that would make my operation even more efficient and allow me to do more yet. My wife and I really like doing the hay, it is fun, we don't have to buy hay, and it can provide good income also. But I have a relative who constantly tells me how stupid I am for messing with hay, and that building the shed is not a wise use of money? Seems like a good investment to me? Should more than pay for itself the first year, and then it is just another paid for asset to my name? Am I thinking smart or have I lost it?

Thanks for listening.

Replies:



Add a Reply

:
:
:

:

:

:

:

: If you check this box, email will be sent to you whenever someone replies to this message. Your email address must be entered above to receive notification. This notification will be cancelled automatically after 2 weeks.


TRACTOR PARTS TRACTOR MANUALS
We sell tractor parts!  We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]

Home  |  Forums


Today's Featured Article - Tractor Hydraulics - The Basics - by Curtis Von Fange. Hydraulics was one of the greatest inventions for helping man compound the work he can do. It’s amazing how a little floor jack can lift tons and tons of weight with just the flick of a handle. What’s even more amazing is that all the principals of hydraulic theory can be wrapped up in such a small package. This same package applies to any hydraulic system from the largest bulldozer to the oldest and smallest tractor. This short series will take a look at the basic layout of a simple hydraul ... [Read Article]

Latest Ad: Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor [More Ads]

Copyright © 1997-2024 Yesterday's Tractor Co.

All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy

TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.

Yesterday's Tractors - Antique Tractor Headquarters

Website Accessibility Policy