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Re: Just wondering
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Posted by Andy Martin on June 15, 2005 at 05:17:15 from (64.219.39.195):
In Reply to: Just wondering posted by Sloroll on June 15, 2005 at 04:48:27:
That is really not a good business question. It's a good quarter section family farm question, but these days if the economy "goes to heck", you really want to give the tractor back to the bank until better times. They are the ones that made the mistake in loaning on it prior to a business turndown. Tractors are a depreciable business asset and in most business plans having the equipment paid for and depreciated out is incidental does not make a lot of sense. What is key is net, after taxes, cost per acre to plant and harvest. Tillage is an option. A businessman cannot be romantic about his assets or he will not make sound business decisions. Hence the delimma of selling old favorite cows. I cull my son-in-laws, and he culls mine. When he tells me one needs to go, it is hard to accept sometimes, but we are not running a retirement center. I have to believe that the successful large farmers are paying attention to business and not just buying large green equipment to impress the neighbors, although it really looks that way sometimes. You rarely see corporations nursing along old outdated equipment.
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