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  1. #1
    Elite Member
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    Dec 2007
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    3,006
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    texas
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    7040 HDC 1153 fel

    Default price shock

    man talk about sticker shock i got it.havent bought new hay equipment since the early to mid 90s an prices have gone up.the baler i bought in 92 was a 5 by 6 for $13,500 is now $35,000 to $42,000 the rake was $2500 in 92 now is $5000.the cutter in 95 was $6400 an now its $10,000 an $13,500 if its on a caddy.makes me glad that im going to pickup a JD 567 round baler for a good price.

  2. #2
    Silver Member Varmint1's Avatar
    Join Date
    Jun 2012
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    170
    Location
    Deville,La
    Tractor
    JD 1010, JD 970, Farmall Super A,Komatsu D20A-5,Ford 4500,Ford 4000 forklift,Ford 640 w/703 loader

    Default

    Seem like now days your better off buying used equipment, I don't know how people can afford new with those prices

  3. #3
    Elite Member
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    texas
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    7040 HDC 1153 fel

    Default Re: price shock

    but theres some equipment i wont buy used unless i know all about it.i usually buy cutters an rakes new,because most used 1s are wore slick out.

  4. #4
    Silver Member Varmint1's Avatar
    Join Date
    Jun 2012
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    170
    Location
    Deville,La
    Tractor
    JD 1010, JD 970, Farmall Super A,Komatsu D20A-5,Ford 4500,Ford 4000 forklift,Ford 640 w/703 loader

    Default

    Yeah your rite on that, I just picked up a JD 260 for 350 and all the skid needs replacing and the drums and disk have wear on them, but for what I paid I can put a little money into it

  5. #5
    Bronze Member AndyL52's Avatar
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    Oct 2012
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    78
    Location
    Innis, LA.
    Tractor
    John Deere

    Default Re: price shock

    There are two kinds that buy new equipment. The one that has the cash to back it up, and the one that gets in over his head and the bank takes it away. I'd rather pay for used equipment, and not have to worry about the rains and droughts taking it away.

  6. #6
    Veteran Member CliffordK's Avatar
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    Mar 2013
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    1,202
    Location
    Eugene, Oregon
    Tractor
    Toro D200, Ford 1715, International 884,

    Default Re: price shock

    Personally I think the inflation rate is calculated incorrectly (although I haven't seen the exact price comparisons).

    But, one compares items that were traditionally manufactured in the USA compared to inferior quality import items, it would unfairly skew the inflation rate low. How can businesses insist that the inflation rate is less than 3% (less now?) when property prices were increasing at 5% to 10% a year... A "correction" in land prices was certainly necessary.

    Personally, I haven't been in the new car market either, but my parents bought a new AMC Hornet in 1976 for $3,500. Hard to find anything for less than $35,000 now. Ok, some of the bottom line cars might get down to $15,000 or $16,000, but it is still quite a price jump.

    As far as equipment, there can't be any used equipment on the market if there isn't any new equipment sold.

    One of the things that happens is that there are fundamental shifts in technology. Some of it is what is popular at the time, mowers, conditioners, and etc. However, sickle bar mowers have been essentially eliminated from hay production. Thus, everyone wants to buy a disk mower. And, since the mower/conditioners were popular in the 80's, and unpopular now, at least around here, that decreases the supply of disk mowers, driving up the prices of used equipment, and probably new too.

    Will inliine balers supplant traditional balers?

    There are many things in agriculture where timing is critical.

    One could potentially have $10K, or much more worth of hay laying on the ground, a dead baler, and rain in the forecast, and no used balers for sale in 500 miles, and be kicking oneself for not buying that bright shiney new baler.

    What is the cost of redundancy? A spare baler, tractor, whatever?

    I must admit that I was wanting to convert a Freeman wire baler to a string baler, but the company suggested that I should expect about $6000 worth of parts for new knotters, needles, and etc. I'm better off finding a used baler to pull parts off of, although I was really liking the idea of brand new knotters.

  7. #7
    Elite Member
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    Oklahoma
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    JD cut

    Default Re: price shock

    Funny how some farmers would never think of putting their foot in a casino, but they gamble big-time on equipment, weather, price of fuel, price of their crop, etc. Smart ones know that when you have a good year, put some away for a rainey day cause its coming.

  8. #8
    Member
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    Jan 2011
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    49
    Tractor
    Oliver 1555

    Default Re: price shock

    Quote Originally Posted by greasemonkeyok View Post
    Funny how some farmers would never think of putting their foot in a casino, but they gamble big-time on equipment, weather, price of fuel, price of their crop, etc. Smart ones know that when you have a good year, put some away for a rainey day cause its coming.
    My father in law was in the cattle business his whole life. He bought and sold for himself and for several large feedlots. He said casinos held no attraction to him - his life was gamble enough.

  9. #9
    Elite Member
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    Oklahoma
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    JD cut

    Default Re: price shock

    Quote Originally Posted by oliver1555 View Post
    My father in law was in the cattle business his whole life. He bought and sold for himself and for several large feedlots. He said casinos held no attraction to him - his life was gamble enough.
    Yes, but it was an honest gamble with benefits to society.

  10. #10
    Elite Member
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    Dec 2007
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    texas
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    7040 HDC 1153 fel

    Default Re: price shock

    well i guess ive been gambling for the last 33yrs as ive been in the cattle business that long plus i grew up in it so thats pushing 48yrs.like i said ill buy used when i know where the equipment came from.

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