Are CUT Manufacturers pricing themselves out of the market?

[Yander]

I looked at the used market for months before buying new. I couldn’t find anything for less than about 85-90% of new, unless it was old with a lot of hours.

Same for me in summer of 2022. Now there are a lot of good used deals.

 

[Yander]

I think we can agree that probably 80+ % of the regular posters here are 50+, own property, and their hobby is land/home improvements. Most of us own a tractor, so we tend to get a little myopic in thinking we are like the average US citizen who couldn't come even close to buying a small CUT tractor.

The average TBN guy might be able to finance a tractor, but I'd bet the number who can pen a check for a tractor has dropped a lot in the last 20 years.

I paid cash for a Kubota L-35 and quickly outgrew it and bought a full sized backhoe.
No way I could do that now. Most All my farm equipment is higher hours and well used.

Nothing wrong with financing your livelihood. It's financing your hobby that will get you in trouble if you have too big a wish list.

Big corporations finance their assets. I know you already know this.

 

[Yander]

Never seen any estate where the heirs didn't fight over something and it's usually the proceeds they never earned in the first place. Human nature to greedy when it comes to unearned proceeds.

Better to pass penniless than leave anything for heir's to fight over.

Myself, I plan on blowing every cent I can on myself and my wife and leave this world like I came into it...

This is a pathetic mindset, speaks volumes though.

 

[Yander]

Let’s face it, a lot of people on this forum don’t need a tractor. I don’t make a living with mine like some people do. Haydude obviously is one that uses his for his business as do others.

On the other hand I don’t consider it a luxury item or a status symbol. If I climbed out of a huge hot tub to flip my 3 inch thick steak on a massive grill in my outdoor kitchen, those are luxury items.

Depends on how you define need. I've lived on 2-5acres since 1990. Many of those years never had a tractor with a loader. Finally bought my first loader tractor in 2015.

For the first time I felt like I was self sufficient in managing my 5 acres. I also do a little side work and help neighbors.

I define that as a need in my case

 

[Hay Dude]

In my case it's all about the balance sheet. If I croak tomorrow, and my son sells everything, what's left?
I'm fortunate that in my case, even if he kept 10% for his efforts (which is what he's been instructed to do), my family would do very well.

Even with that, I'm able to take a good salary each year. Expecting to own all your equipment outright in a decent sized farming operation is fantasy. Some well managed debt has allowed me to double in size every 5 years.
Might not work for everyone, but so far, it's done right by me, and that's all I'm worried about along with being right with my Savior.

 

[chim]

Were you eating some type of fluffy Wonder Bread in 1970?

I can't recall what bread we ate but can assure you that each loaf was a major purchase at that time. We were so "monetarially challenged" that we didn't spend 50 cents for something we didn't need.

 

[hayden]

It should not even be possible to get a loan for a recreational fishing boat.

Why not?

 

[hayden]

This was the tradition in New England. Farmers would have big families, 10-12 kids. Oldest son would inherit the farm, the other sons had to find something else -- go west, go to sea, go to the city. The only way a daughter could stay in town was to marry someone else's oldest son.

There would be interesting discussions when the oldest son got to be in his late 20's and was ready to start a family and his dad was in his fifties and felt he still had a couple decades left running the farm. Plus his youngest kids were barely out of diapers.

My farm was owned by the same family from 1683 to 1950, passing only by inheritance, always to the oldest son. There was one owner who had daughters but no sons, when he passed it went to his brother's oldest son and the daughters got nothing.

I sure am glad that my life wasn't prescribed like this, and I would never tell my kids what they must be in their lives.

 

[Mtsoxfan]

Inflation only happens if people keep buying, example, I see eggs in the states for ridiculous prices and everyone piles them on the cart, why? Btw a dozen brown eggs here are 2.09€

I was at a local grocery store, local large brown eggs were/are $8.49 a dozen. Commercially grown Egglands Best large white eggs are $3.29 a doz.
I imagine the farm is so big, they can keep bird flu out with preventative measures.

 

[ultrarunner]

Last night limit a dozen and the brown eggs were the least expensive at $9