Are tractors and equipment a good investment right now?

[blacktruck]

I don’t look at stuff like tractors as an investment. Yes I’m sure you can make money buying and selling them but I buy a tractor because I need/want one.

Going back to an older reply, I think dodge man's statement sums it well. If you follow many forums, there will always be a number of folks that swear they make bundles of money on every transaction they have ever made. As mentioned above, I buy because I need or want one. I never buy with the intent to trade or sell. I buy to use them. Some have cost me more than others but it is a cost of owning a few acres.

 

[two_bit_score]

Bought 1999 Case-IH Magnum MX-270 with 5,000 hours for $41,000 in early 2021.
Sold it yesterday with 5650 hours for $46,900.

You nearly gave that thing away.

 

[Hay Dude]

You nearly gave that thing away.

I was thinking I did ok, considering I sold it for $5,000 more than I bought it.

 

[scaredychicken]

if you can make use of tractors and equipment, I think they are a good investment. lightens the workload, more productivity and work completed, and in many cases, tax credits, so - yes, worthwhile in my opinion. Plus enjoyment has value also.

 

[two_bit_score]

I was thinking I did ok, considering I sold it for $5,000 more than I bought it.

You did and the buyer got a good deal too.

 

[Hay Dude]

The other thing I had to consider when selling a 1st gen Magnum is parts are getting scarcer. I really didnt have any other offers. Lots of people asked lots of questions, but not many offers.

Jan/Feb not the best time to sell a tractor, either.

 

[Williy]

To purchase a car/pickup is the month of December especially
the last week on Monday

willy

 

[WinterDeere]

Okay guys, then when should I be advertising the brush hog I want to sell?

 

[oosik]

I have a mile long gravel driveway and 80 acres of trees to manage/maintain. I have never purchased anything with the idea of future profit on a sale. I buy what I need and use it.

 

[CloverKnollFarms]

Machinery Pete posted some stats recently, and used prices have plummeted from 2023-2024.