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5000ac Farm won’t buy new
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<blockquote data-quote="Brisel" data-source="post: 5300276" data-attributes="member: 166"><p>A contract farmer on lots of short term deals might not want to own their fleet. If they lost 1/3 of the area overnight hiring is wise so they could shed a combine and tractor less painfully. At a cost less than being left with years to run on a finance scheme and no use for the asset. For a well established unit with no forecast changes in area and a long term view buying new and keeping for a long time might be more cost effective. Horses for courses & down to the deal on the day. I've usually bought new and kept for 7,000 - 11,000 hours. My last sprayer tractor left the farm a few weeks ago with 11,500 hours on the clock at 8 years old. The replacement is contract hired on a 5 year cycle.</p><p></p><p>IME the break even point between hiring and owning is around 1000 hours/year. Over this you may want to turn over gear more frequently for the reliability of a front line machine like a sprayer tractor. For a less used tractor doing 500 hours/year either seasonal hire or buy second hand and keep.</p></blockquote><p></p>
[QUOTE="Brisel, post: 5300276, member: 166"] A contract farmer on lots of short term deals might not want to own their fleet. If they lost 1/3 of the area overnight hiring is wise so they could shed a combine and tractor less painfully. At a cost less than being left with years to run on a finance scheme and no use for the asset. For a well established unit with no forecast changes in area and a long term view buying new and keeping for a long time might be more cost effective. Horses for courses & down to the deal on the day. I've usually bought new and kept for 7,000 - 11,000 hours. My last sprayer tractor left the farm a few weeks ago with 11,500 hours on the clock at 8 years old. The replacement is contract hired on a 5 year cycle. IME the break even point between hiring and owning is around 1000 hours/year. Over this you may want to turn over gear more frequently for the reliability of a front line machine like a sprayer tractor. For a less used tractor doing 500 hours/year either seasonal hire or buy second hand and keep. [/QUOTE]
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5000ac Farm won’t buy new
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