Interesting subject, I was just talking about this with a retired farmer the other day. He told me a little about his scenario, but I don't know any numbers or acreages. He was full on farming in the 80's and 90's. His strategy was buying used equipment that needed a rebuild and was too big for the smaller farmer, but too old for the big farmer. Think 12 row planters and 4wd tractors. He rebuilt it, then often had 2 of everything "just in case", and thought he was farming cheaper than everybody else. A good friend of his that he "ran with" bought new, large equipment. They compared their machinery costs per acre, and it was "closer than you'd expect". Within a few dollars. The guy I know would have had more direct write-offs, while the other had longer-term depreciation. So, for a guy covering some ground, "making a living" farming, I'll bet he can justify it in his mind to own new or like new/ used, and with the bonus depreciation, well, it makes sense to me. I farm too small to fully understand the decisions and economics of the situation, however. The last two years my maintenance bills and repairs to my machinery is over half of my gross income from farming, so in a way it makes some sense to me to buy new if you can swing it. Just my $.02 -Andy
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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