Hay Dude
Super Star Member
- Joined
- Aug 28, 2012
- Messages
- 18,623
- Location
- A Hay Field along the PA/DE border
- Tractor
- Challenger MT655E, Massey Ferguson 7495, Challenger MT535B, Krone 4x4 XC baler, (2) Kubota ZD331’s, 2020 Ram 5500 Cummins 4x4, IH 7500 4x4 dump truck, Kaufman 35’ tandem 19 ton trailer, Deere CX-15, Pottinger Hay mowers
Yeah one guy I know who is a step larger than me started doing this and says it’s the way to go.Most large farmers around here LEASE their equipment (Combines and large row crop tractors), they don't buy them outright.
Seems like purchasing farm equipment went in this order:
Long ago-pay cash or possible short term finance.
More recently-pay cash or longer term finance
Today-long term or “0%” finance or lease
Future??? Donate a kidney? Lol
I can’t see this lasting much longer. Equipment prices now far exceed farming profits. My most recent tractors are 20 years old. Solid and reliable, but at some point will experience a catastrophic failure.
New 300HP tractor is $250-300,000. Has the complexity of an Aircraft and most everything needs to be dealer repaired
Not the most impressive warranty, either. Maybe 3yr 2000 hours.
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