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Arable Farming
Cropping
Combine and tractor replacement policy
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<blockquote data-quote="Spud" data-source="post: 7386047" data-attributes="member: 78"><p>In the 90's used to buy tractors new, keep them 4yrs (3500-4000hrs) then swap for new again. (For under £20k)</p><p></p><p>Then we had a period of expansion, where we kept what would of been the trade in, and bought a second hand extra tractor for about the same as the 'change to new' figure.</p><p>Smaller older tractors all the while step down the line but generally stay for smaller jobs/convenience/cheapness (or sentimentality!)</p><p>More recently, (last 5yrs) I've replaced:</p><p>A 12yo 7480 with 12600hrs for a 3yo 7618 with 1500hrs (and 2yrs warranty)</p><p>A 1996 6180 (lost to fire) for a 7yo 6480 with 2700hrs</p><p>A 2013 7620 with 7600hrs for a 2.5yo 7720 with 1200hrs(from the same home as the 7618) also with warranty remaining.</p><p>Replaced a sporadic hire tractor with a 15yo 10,000hr 7490 that had spent the last 4000hrs sat on a slurry pump. Bought partly for extra capacity, partly backup.</p><p></p><p>At the present moment I can't see how we can justify new tractors, unless second hand ones become either hard to source or near new money.</p><p></p><p>Forklifts - we have three:</p><p>TM320s - bought new to replace a 12000hr 15yo TM300 that itself was bought new. Main workhorse - plan to keep it 10yrs+</p><p>2012 536/70 bought at 5yo/5000hrs, now done 7600hrs. Probably keep it another year or so then look for a second hand replacement.</p><p>530/70 20yo, here from 2yo. Did it's engine up last year, don't plan to change it any time soon.</p><p></p><p>Combine policy - buy at 10yo, keep it another 10yrs unless workload increases significantly</p><p></p><p>Potato harvester last two have been bought at 1-2yo, kept 7yrs.</p><p></p><p>Smaller machines (financially) are a mix of new and second hand, generally kept a long time.</p><p></p><p>Usually finance anything over £10k, unless we've had a good year, or sold several old things for one replacement - doing that allows us to upgrade more things at a time.</p><p></p><p>Periodically, I update my fixed asset register (that focuses the mind on depreciation!)</p><p>This time I listed out things and allocated them to the crops on which they are used, and divided by the area of each crop, as a means to calculate roi. Enlightening. Frightening!!</p></blockquote><p></p>
[QUOTE="Spud, post: 7386047, member: 78"] In the 90's used to buy tractors new, keep them 4yrs (3500-4000hrs) then swap for new again. (For under £20k) Then we had a period of expansion, where we kept what would of been the trade in, and bought a second hand extra tractor for about the same as the 'change to new' figure. Smaller older tractors all the while step down the line but generally stay for smaller jobs/convenience/cheapness (or sentimentality!) More recently, (last 5yrs) I've replaced: A 12yo 7480 with 12600hrs for a 3yo 7618 with 1500hrs (and 2yrs warranty) A 1996 6180 (lost to fire) for a 7yo 6480 with 2700hrs A 2013 7620 with 7600hrs for a 2.5yo 7720 with 1200hrs(from the same home as the 7618) also with warranty remaining. Replaced a sporadic hire tractor with a 15yo 10,000hr 7490 that had spent the last 4000hrs sat on a slurry pump. Bought partly for extra capacity, partly backup. At the present moment I can't see how we can justify new tractors, unless second hand ones become either hard to source or near new money. Forklifts - we have three: TM320s - bought new to replace a 12000hr 15yo TM300 that itself was bought new. Main workhorse - plan to keep it 10yrs+ 2012 536/70 bought at 5yo/5000hrs, now done 7600hrs. Probably keep it another year or so then look for a second hand replacement. 530/70 20yo, here from 2yo. Did it's engine up last year, don't plan to change it any time soon. Combine policy - buy at 10yo, keep it another 10yrs unless workload increases significantly Potato harvester last two have been bought at 1-2yo, kept 7yrs. Smaller machines (financially) are a mix of new and second hand, generally kept a long time. Usually finance anything over £10k, unless we've had a good year, or sold several old things for one replacement - doing that allows us to upgrade more things at a time. Periodically, I update my fixed asset register (that focuses the mind on depreciation!) This time I listed out things and allocated them to the crops on which they are used, and divided by the area of each crop, as a means to calculate roi. Enlightening. Frightening!! [/QUOTE]
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