Tractor Ownership, the true cost

[2ndhalf]

Broken Track

Members will either agree with your illogical position or NOT. I take one example. You were compensated monies by the government to construct a gravel path. You claim you still own the gravel, since the path was constructed on your land. At any time, you can remove the gravel, use it for an entirely different purpose, or sell it to someone else. How is it possible to have a legitimate discussion with someone who employs that type of illogical position?. As for the dishonesty aspect, it speaks for itself, Further you do not subscribe to any of the current "generally accepted accounting practices". In the USA you have the right to be misinformed,

Accountant... who knew! : )

 

[marchanna]

Is lost opportunity on a resource property a cost in GAAP?

 

[majorwager]

Broken track,
Before you are able to convince others your position is valid, you must first believe it yourself. If you wish to continue a display of collasial unfamiliarity with the realm of business and ecomomics, then continue to pursue ad hominem attacks. Simply put those that can't comprehand the message, attack the messenger.

 

[oosik]

You know - it gets awfully dam tiring when a person makes a statement just so he can challenge every post. majorwager, perhaps you should take your vast knowledge of farm economics to a site where it will be understood and appreciated.

 

[majorwager]

oosik,
Appreciate your opinion.

 

[2ndhalf]

You know - it gets awfully dam tiring when a person makes a statement just so he can challenge every post. majorwager, perhaps you should take your vast knowledge of farm economics to a site where it will be understood and appreciated.

I actually find him very entertaining and hope he sticks around! It is like having Sheldon vistit the site; "buying a chain saw at a yard sale and fixing it and using it, how does one do this". : )

 

[MossRoad]

Broken Track
There is a difference between the cost a product being zero and deducting this expenditure from the net gain. Zero would apply if you installed your access road, with absolutely no investment. The "cost" was real. You calculate the labor investment, so yours and your wife's time is worth nothing. In that case I should hire you for my access road, you work for free. There was no wear and tear on the log wagon, no wear and tear on tractor to load, tractor or crawler to box out and spread and no fuel utilized. The gravel had no value, could not be used on any other project? You use the term Paid for itself, now that is accurate, the word zero, is not.

Bluelou 212,
I am the OP. Have no clue how commercial enterprises apply to the thread. Only explanation is you read something I did not write.

2nd half,
You quoted my post but failed to read it. For clarification everything used is not a bargin. Further, not everyone has desire or ability to create something from ashes. I offered tribute to creativity. But the real world thrives on commerace. Do you work? If we All build or provide for ourselves, that which is the result of your labor, then you will not be needed. Has nothing to do with individual wealth. If I want or need something, I buy it, if I can afford it. Or I simply go without. If it is really important, I plan and save. I do not discourage DIY projects. I just keep those endeavors in perspective. Your philosophy, buy used ,cheap, take care of it, but don't use it (5000 tractor hr reference) and it won't loose value. So why was the item available used, on the cheap? . Owner was an idiot? No idea of value? Maybe it is because used actually means used. You will find out soon enough. Few on here trout their "used prizes" when they are a bust, Seldom a peep is heard.

Broken Track

Members will either agree with your illogical position or NOT. I take one example. You were compensated monies by the government to construct a gravel path. You claim you still own the gravel, since the path was constructed on your land. At any time, you can remove the gravel, use it for an entirely different purpose, or sell it to someone else. How is it possible to have a legitimate discussion with someone who employs that type of illogical position?. As for the dishonesty aspect, it speaks for itself, Further you do not subscribe to any of the current "generally accepted accounting practices". In the USA you have the right to be misinformed,

Broken track,
Before you are able to convince others your position is valid, you must first believe it yourself. If you wish to continue a display of collasial unfamiliarity with the realm of business and ecomomics, then continue to pursue ad hominem attacks. Simply put those that can't comprehand the message, attack the messenger.

You asked a question, then made many negative replies, about their honest answers. Sheesh. What are you looking for?

Some folks might be simple, but they aren't stupid when they know they're being talked down to.

 

[bluelou212]

You asked a question, then made many negative replies, about their honest answers. Sheesh. What are you looking for?

Some folks might be simple, but they aren't stupid when they know they're being talked down to.

LOL! I have 3 master's degrees in econ and finance and I'm certain I know more about these subjects and operating businesses than the O.P. But, I didn't come here for econ amateur hour. This is a tractor forum and I'm a beginner in this area. I'm looking forward to learning more _about tractors_, from all of you

 

[MossRoad]

As for the true cost of ownership... figure it like you'd figure your net worth. Add up everything you own. Subtract everything you owe. What you have left is your net worth.

For a tractor, add up everything you paid out. Cost of machine, fuel, lubes, parts, insurance, etc....
then add in the savings on any projects VS paying to have them done. Don't forget to nclude the amount you'd pay yourself for labor. Then add back the value of the tractor if you sold it. That's what it cost you.

For example, we bought 20 acres of land and needed to clear trees and put in a road. Contractors quoted us $5000 to put in the road, plus the cost of gravel. We bought a used tractor loader for $5000 and I did it myself in about 3 weekends. About 30 hours of fuel was about $50. So $5050 in expenses. If I paid myself $9 an hour (what I was making at the time), that's another $180, so $5230 in the project so far. I found a soil map and located gravel on my property right where I put the road, so gravel was free and included in the 30 hours of operation.

We'd have spent $5000 on a road anyway, that is moot. I spent an extra $230 and got the road AND a $5000 tractor. If I sold the tractor at that point, I'd have spent $230 for a $5000 road.

 

[MossRoad]

LOL! I have 3 master's degrees in econ and finance and I'm certain I know more about these subjects and operating businesses than the O.P. But, I didn't come here for econ amateur hour. This is a tractor forum and I'm a beginner in this area. I'm looking forward to learning more _about tractors_, from all of you

I come here for fun and a mutual interest in machinery. There's hardly a day that goes by that I don't learn something new, be it here, at my job, or reading on the internet and following links to things I find interesting.