There has been a lot of good advice given to you so far, so I won't repeat it, but will say this: anyone in high school now, even college, has not seen low grain prices in their adult lives. It is really easy to look successful with the strong profit margins we have seen the past six or seven years. So it is easy to get caught up in trading equipment more frequently nowadays than what it was years ago. Your classmates have never seen a bad year where they have had to scrape for a living, so that has shaped their perspective into thinking what they have known is the norm. Things will change, and when they do, you will be much better off than someone who has to send the shiny stuff back to the dealer just to afford to keep farming. I'm 31, so I can relate. My "new" purchase last year was a 1981 4640. It works great and I love running it. And its paid for....
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
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