JDTank
Platinum Member
- Joined
- Oct 5, 2010
- Messages
- 693
Lets figure this out. 7.5 acres of say corn at 133 bushels to the acre comes to 1000 bushels per year at $8.00 per bushel for 7 years will bring in $56,000. Looks good but wait a minute there is the cost of seed fertilizer, herbicide, fuel and property taxes to deduct and there might be a drought in there or a price bust. You might need to find some more land to buy or lease to support a 5075M in the manner they are accustomed to.
The 5085M won't be purchased as a money maker.
In about 4 years time I will be completely debt free. I plan to save for 1 - 2 years to build up a cushion in case I ever lose my job like I did a few years ago. The 5085M is just a want, DEFINITELY not a need. I grew up with my dad hauling heavy machinery and working on short line railroads. I love big machinery, the bigger the better. That is why I want a 5085M.
Want to hear the real kicker? 3 acres of that land is the home front, where my X740 does all the work and finish mowing. So in reality, the 5085M will be used for 5 acres of land. The nice thing about having a bigger machine is you complete your work a lot faster than if you had a smaller one. I know it is a complete waste, but truthfully speaking, if I go ahead with a 5M, it will likely only work about 6 months of the year, and maybe only a few hours a day.
I should mention the other reason for the 5M is a good friend of ours lives a few miles from us, and farms all of the surrounding area for hay. He said when I have a big machine and I am ready, he will pay me a straight hourly wage to operate my tractor with his attachments. I figure that will be my chance to start working for myself more than for someone else. I miss the old days when I was self employed. Heck, even if I just want a weekend in the cab, I can do it at my leisure.