Tractor work/bushhogging is dog eat dog around my area, there will be a dozen new ones every year that will be out of business by next year because they want work so bad that they under bid everybody else to the point that they aren't really making any money, all seems to go well until they tear up something and it takes far more than what they made to fix it and then by next year they are out of business , usually no business license, no liability insurance , etc so they work basically for beer money but it doesn't last long.
I've seen guys advertising as low as $35/hour for bushhogging....
So, let's say a quality operator, nowadays, probably $30/hr, plus labor burden, plus profit; you really need to charge $50/hr for the butt in the seat, whether that's your butt or not; and then; let's say $600 payment on the machine, operator, operating 28 hrs/month; we need $21.50/hr to pay the machine; now we need fuel; at around $8.50/hr; and 1% of the purchase price of the equipment, in repairs/maintenance per month, or another $600/month or $21.50/hr.
So, our total, Before profit, for a $60k machine, operating 28 hrs/month; we need $101.50/hr. Sure, those prices drop somewhat if we are running 54 hours/month; But only down to $80.0/hr. If we run this machine for 120 hours/month; we are at $68.50/hour; before transport or profit.
Where we can change the numbers are
A: decreased operator cost; ie cheap labor;
B: operate a lot of hours
C: improve fuel efficiency
D: decrease purchase/financing costs; without decreasing life span below 5-6 years
That 1% of purchase price per month in maintenance seems like a reasonable number, but it surely fluctuates based on work type
So; if you are the operator, figure your wages in there; $0.80/mile to transport to and from job; you got to be in the $68-110/hr range to be making money with a new machine. If your OK making $15/hr, and have a 1972 Ford 4000; maybe your doing OK at $40/hr, but I wouldn't....
Edit: When I say making money, I'm taking about clearing at least $30/hour profit/pay for yourself.