I was at a farm walk yesterday on a 5000 ac diversified farm. All the land is owned and farmed in house. The farm owner and manager were saying that their machinery replacement policy will stay in place but they now can’t see buying new as an option. They changed both combines last year and with prices of new ones at £350,000 each they were forced into buying one ex demo and one at a year old and saved themselves a cool £120,000 over the pair. They are on tractors presently and instead of buying 3 new ones at £115,000 each they were opting for 800 hr versions at £80,000 each. Next autumn their current drill is due to be replaced but having a loose verbal quote of £50,000 to change out of the existing one they said that buying a second used drill is probably the way they will go and then run them both for another 10 years thus taking themselves out of the market. This a very diverse operation with a big property portfolio, some renewable energy things and also a big farm shop/restaurant. If these guys don’t see the value in new equipment then how do the rest of us stand a chance. When they did the combine deal the farm owner said he had a call the next day from the UK M.D. of the chosen brand asking why hadn’t they bought new.