Brexit machinery prices

Smith31 said:

Those are excellent points and I do not dispute them.

These are rough figures, please don't quote me on them;

When a new tractor costs £100,000, would it not be better to buy 2 x secondhand tractors (work hours shared) for £60,000 and then build a workshop for £25,000.

The shed will still be worth £25,000 in 5 years time, both secondhand tractors may still be worth £40,000?

Where as the brand new £100,000 tractor may only be worth £50,000 after 5 years?.

It wouldn't matter what Brexit brings that way.

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GTB said:

Yes fair comment. In our case we had a six year old tractor which had done 6000 hrs. It had been a very reliable tractor but in the last year of ownership we spent about 20k on repairs (mainly main dealer, local mechanics too busy and/or the jobs were too specialist). Ended up being so fed up of huge bills and downtime so sent the bloody thing in p/x for a new one. New one is costing less per month on finance than repairing the old one (by miles). Not talking 100k tractor btw. Say 65k new, 30k diff to pay.

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GTB said:

Biggest problem here is getting someone to repair old machinery. We have two local farm mechanics who are brilliant fair play, but they're up to their eyeballs and if you need something repaired in a hurry there isn't much hope.

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icanshootwell said:

Funny you say that, I have the same problem, local guy has to much work on, He will prioritize if its desperate, but normally its a long queue.

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GTB said:

I even considered employing a mechanic at one point but just couldn't make the sums add up without having to take in extra work which would mean being back to square one.

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Adeptandy said:

Proforge stuff up by 10% at Christmas I've been told

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Farma Parma said:

aye if we had only still made all these things here eh... currency always the bloody excuse.

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Pheasant Surprise said:

Parts supply and OEM components are owned by foreign multinationals, even when the company assembling it all is British on home soil. You only have to look at a new Fastrac which has a German gearbox and Finnish engine.

AGCO win either way.

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Farma Parma said:

aye if we had only still made all these things here eh... currency always the bloody excuse.

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Fish said:

That's not an excuse but to a certain extent reality, currency down prices up, currency up prices flat line.

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farmerm said:

For input prices to go down Sterling has to go up but that would then drag down our crop prices and then we are back a square one..

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e3120 said:

Not all farmers produce crops though. The livestock boys didn't get any sales bonus from weak pound but got the increased input costs (fert, machinery, feed), a little correction of the pound would be most welcome, but I can't see it happening.

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GTB said:

Lamb prices vary a lot due to the exchange rate. That's the reason lambs have been selling fairly well since the Brexit vote. Weak pound for ever as far as I'm concerned.

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e3120 said:

That's the rub - would you rather see a benefit from the weak pound or be less exposed to a crap trade deal?

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GTB said:

Speaking personally, this farm relies far more on lamb experts than it does on imported inputs .

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