are new tractor over priced

Farmer Roy · Aug 9, 2020

Lowland1 said:
We paid £3900 for a Ford 4000 in 1975 . I can buy a 55 hp Case with an air conditioned cab 45 years later for around £20000 so there has been a five fold increase in 45 years. I don’t think tractors are overpriced if you compare like to like.

For a comparison, what have average house prices done since 1975 ? I’m guessing more than a 5 x increase ?
or an average wage ?

Farmer Roy · Aug 9, 2020

GeorgeK said:
Tractor sales will follow the path of cars as fewer buy them outright. We will sell a tractor we own outright and put the new one on finance because of the price difference. When the monthly finance payments become to much the next step is to move to renting one by the hour when we need it.
Keep going for years like this until there's no assets left and everything is rented

does anyone actually buy tractors outright ???
Wow - there must be money in UK farming . . .

in my 30 or 40 years involvement in arable farming, I don’t know anyone who HASNT financed new machinery

ollie989898 · Aug 9, 2020

Sorry but this thread mostly sounds like duffers complaining about how today ain't so good as the past... Yeah machinery prices are higher, so what. Wages are higher. Land values are higher. House prices are higher and so on. Nothing you can do to stop it. If you want to farm like it's 1975 and drive a 4000 around all day and work 50 acres for a living I bet there are parts of the world where that is considered state of the art and you would blend right in.

Lowland1 · Aug 9, 2020

ollie989898 said:
Sorry but this thread mostly sounds like duffers complaining about how today ain't so good as the past... Yeah machinery prices are higher, so what. Wages are higher. Land values are higher. House prices are higher and so on. Nothing you can do to stop it. If you want to farm like it's 1975 and drive a 4000 around all day and work 50 acres for a living I bet there are parts of the world where that is considered state of the art and you would blend right in.

I would like to farm like it is 1975 but i can’t. So i keep on the treadmill. A day on a 4000 is o.k for a change but it’s not something i would want to do everyday it’s not good for your hearing you suck up a lot of dust and your back and knees will hurt. I was looking at my t7040 last night new in 2019 and thinking it’s a lot of tractor compared to a 4000. And thinking about house prices in 1975 usually just one family member worked and people were able to buy a house if they wanted now with both husband and wife earning home ownership is a dream for a lot of people.

jondear · Aug 9, 2020

TheTallGuy said:
I've just bought a second hand Golf, 2 years old in virtually spotless condition at roughly half the original price - it's recently had new tyres & brakes (including discs) as well as a full service & valet. It's the newest motor I have had & likely to remain so because no way do I want to drop that much value in just 2 years use..... unless I win the lottery!

A new golf TSI is 25k now !Just bought a 4 year old one with 30k mileage for11k .Rep said all new cars are mostly on finance.

90hp farming · Aug 9, 2020

7610 super q said:
And 10 men driving 10 Ford 4000's drilling 250 acres a day would mean 10 extra families having an income.

No. At least 20 extra families having a living - think of all the mechanics that 10 Fords would need...........

feilding · Aug 9, 2020

Built into the price of a new tractor is the warranty claims needed for the tractor, the manufacturer puts this into final price, and it seems nowadays the build quality is getting poorer so more warranty claims, we are on a merry go round paying for poor quality. Yes we all like the toys on new Machinery, but are they really worth it in the long term making machines so fragile.

Devon James · Aug 9, 2020

Money is cheap and machinery manufacturers know it so will squeeze as much out of it for them as possible?

milkloss · Aug 9, 2020

Devon James said:
Money is cheap and machinery manufacturers know it so will squeeze as much out of it for them as possible?

you're right money is cheap and in the grand scheme where does it go? certainly not in the working man's pocket.

livestock 1 · Aug 9, 2020

There is a company that supply a tractor which is a basic machine. Minimal electronics mainly cables, Perkins engine, basic semi power shift box, manual spools, basic cab for 120 hp it would be similar price to a 5years old specced main brand.
Cheap to fix in comparison sounds great for me.
Until you see it then you would likely walk past it.
Progress I suppose

GeorgeK · Aug 9, 2020

I think all the development money on new tractors gets spent designing the headlights and grille for the 'Transformers: Robots in disguise' look they all have. Back in the day headlights came in 2 flavours, round or square made by Lucas, all the manufacturer had to decide was where to bolt them on

Devil's advocate · Aug 9, 2020

livestock 1 said:
There is a company that supply a tractor which is a basic machine. Minimal electronics mainly cables, Perkins engine, basic semi power shift box, manual spools, basic cab for 120 hp it would be similar price to a 5years old specced main brand.
Cheap to fix in comparison sounds great for me.
Until you see it then you would likely walk past it.
Progress I suppose

Is this a tractor from Turkey?

I like the spec but resale value & build qualty?????

7610 super q · Aug 9, 2020

90hp farming said:
No. At least 20 extra families having a living - think of all the mechanics that 10 Fords would need...........

Mine did 10,000 hours and needed a power steering seal and a clutch......

Tealo · Aug 9, 2020

Has anyone heard of any of the tractor brands being up against it financially. They all seem to me to have done very well out of agriculture.
Generally we're all boys with toys and buy what we want not what we need.

kiwi pom · Aug 9, 2020

Went past the Case IH dealer yesterday he had a nice new Maxxum 125 on the front yard.
No idea on the price but it was a basic model with no cab. I wonder how much cheaper it is than the top spec IVT, Autosteer underpants on the outside model?

How long would it sit in the dealers yard in the UK?

icanshootwell · Aug 9, 2020

Tealo said:
Has anyone heard of any of the tractor brands being up against it financially. They all seem to me to have done very well out of agriculture.
Generally we're all boys with toys and buy what we want not what we need.

I think you have hit it right on the head, it,s amazing how many farms around here that used to run other brands MF,JD,etc have now added a fendt or two into the line up, maybe the drivers are demanding it or the farmer just wants one, either way there is a demand for high end gear. Fendt sets the price and the rest have increased to stay in touch.

M-J-G · Aug 9, 2020

ollie989898 said:
Sorry but this thread mostly sounds like duffers complaining about how today ain't so good as the past... Yeah machinery prices are higher, so what. Wages are higher. Land values are higher. House prices are higher and so on. Nothing you can do to stop it. If you want to farm like it's 1975 and drive a 4000 around all day and work 50 acres for a living I bet there are parts of the world where that is considered state of the art and you would blend right in.

A huge part of the whole imbalance is farm gate prices vs wages and machine costs etc.

Hilly · Aug 9, 2020

GeorgeK said:
Tractor sales will follow the path of cars as fewer buy them outright. We will sell a tractor we own outright and put the new one on finance because of the price difference. When the monthly finance payments become to much the next step is to move to renting one by the hour when we need it.
Keep going for years like this until there's no assets left and everything is rented

Yes and a lot are already in the rent trap, mad imo but each to their own.

Lowland1 · Aug 9, 2020

ajd132 said:
I can drill 250 acres in a day. How many men, tractors, drills and loaders. Followed by tractors and rolls would I have needed 30-40 years ago?

The problem is though we are all doing it for the same money or less as they were 30 or 40 years ago.

ajd132 · Aug 9, 2020

Lowland1 said:
The problem is though we are all doing it for the same money or less as they were 30 or 40 years ago.

Does seem to me like their was ridiculous money to be made back then.

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