Posted by coonie minnie on June 14, 2016 at 18:05:25 from (50.124.116.73):
In Reply to: 'Iron 'question posted by DeltaRed on June 14, 2016 at 16:57:35:
My take is this:
Some new iron pays it's own way, and offers a dividend on top. For me that is planting technology, forage harvesting equipment, irrigation equipment etc. Example: our corn planter has a lot of updates and precision plant technology. And that stuff pays a quick dividend.
Other stuff, like tractors here, is "least cost". Example: the corn planter tender got pulled with a JD 70. We have several tractors with 30k plus hours. They do what they are supposed to. But for peak demand, something newer is sometimes better. I leased something this spring... first time. It powers our forage choppers. And the cost of that lease? About 1/3rd of what I spent on repairs on our big horse (JD 4850) last year. And when I look back over the last 10, not much more than the average. In that case, I get the same or lower cost per year or hour, more comfort, and hopefully more dependability (or at least warranty). And I have at least one neighbor who is probably shaking his head... despite the fact the old horse was 30 years old with 13000 hours.
To each their own. What matters is your own numbers. If you are profitable that is what counts. But I don't expect everyone to do what I do. For some, that is a lot of acres. For some, that is not much.
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