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Re: Re: Re: Re: using older tractors today as the
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Posted by red reaper on November 02, 2003 at 18:36:58 from (208.218.33.176):
In Reply to: Re: Re: Re: using older tractors today as there m posted by Rich on November 02, 2003 at 17:45:17:
I think alot of the reasons farming isnt fun anymore is not the equipment payments,but the input cost vs. return. And guess what they are going up again next year.Monsanto raised tech fees by 2.00 a unit.And most landowners are going to cash rent only.This year was the worst drought we have seen since the 30's and the majority of corn didnt see 50bpa here in north missouri,and most beans didnt even make 15bpa on upper ground or second bottom,I even had some make less than 10. My wheat beans made 3bushels from 28 acres,yes thats three bushels.I have all cash rent ground and a land payment,when payment time arives the money has to be there and this year it wasnt there.That is what makes farming not fun anymore.The input cost guys all made their profit before you plant and harvest so they are allways making a profit with no risk.We have all the risk and not much return if any.And if I purchased insurance on my crops,I would have to have a bumper crop to make any money at all.The insurance would eat up any profit I have to be gained.I also dont have a tractor newer than 82' and my combine is a 80.My equipment payments are less than 6000.00 a year and are mostly paid off.and someone mentioned earlier that taxes are a good reason to trade.They are right and if done properly can gain you more than the payments on the equipment.
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