Tractors...COST TO CHANGE!!!

[ColinV6]

It doesn't sound to bad swapping a 5year old tractor to a new one for 37k, but it's just over £12 per clock hour

True but have to factor in the tyres were about 40%, it was due one of the big services next time round, and my own sanity not having to use power command any more

4 year warranty is peace of mind too.

 

[Will Blackburn]

True but have to factor in the tyres were about 40%, it was due one of the big services next time round, and my own sanity not having to use power command any more

4 year warranty is peace of mind too.

About £5k of tyre these days, £2k of service, + model jump, + warranty =£20k+

 

[Aspiring Peasants]

Carrs Billington sell Fendt and MF.

They used to but not anymore

 

[wellingtonfarmer]

Cost to replace (with the same again) divided by hour worked is how I quantify tractor cost.

How do you calculate the tractor cost if you are retiring abd don’t replace the tractor?

 

[tullah]

How do you calculate the tractor cost if you are retiring abd don’t replace the tractor?

I think that's the principle of annual tractor costs. Calculate as though you are retiring at end of each financial year.
You end up with true depreciation and running costs.

 

[icanshootwell]

That 2nd hand one can’t be right, there’s an 8000hr 724 on local dealers site for £56,560.

Probably an older tractor with less spec.

 

[alomy75]

Does the higher purchase price ever change your thinking?
Buying one or two high price tractors might stack up but what if you need 10 fleet tractors for basic jobs where high spec isn't needed?
If you could buy 10, say Case IH tractors for the price of 8 Fendt's wouldn't that be a better use of the money?
It would be interesting to know the latest sales figures for Fendt, they do seem to be popular now but up to a couple of years ago if you look at the numbers they don't sell many compared to other brands.

Still much the same story in the last farmers weekly new tractor survey. Agco all grouped together still behind JD. Same for cnh. I recall one of the niche brands was coming up fast…maybe kubota?

 

[M-J-G]

How do you calculate the tractor cost if you are retiring abd don’t replace the tractor?

Of I make it to that age I'll be happy enough!
When a business is wound up the time for to calculating business costs has passed as there isn't a business any more.

 

[Farmer Roy]

Err, bought a new NH T8040 in 2009 for $330,000.
Looked at changing it a few years ago at 8000 ish hrs. $70 K offered, on a $400 K ish replacement . . .

I can’t believe how cheap your new tractors are & how your old ones hold their value

unfair advantages

 

[Skintagain]

I’d keep the older tractor regardless. In ten years it will still be worth 20k if not more and you can use it in that time. Still buy the newer tractor too if needed or one a little older for £60k

 

[roscoe erf]

Recently sold our 25+ year old tractor for more than we bought it for brand new.

that's the way to do it

 

[henman]

case puma 140 new after 3 years 1600h done 15 grand to change to a case puma 160 £5000 year
next 160 solds 3 years 1600h for a case 150 puma 5 grand a year
selling case puma 150 1800h 3 years now for new 150 £21000 to change

 

[ColinV6]

Recently sold our 25+ year old tractor for more than we bought it for brand new.

While that may be true in terms of the figures, the actual value of your original price is massively less 25 years later.

What did you replace it with?

 

[Grass And Grain]

Just buy something like this, needs tyres, so about £40,000 all in. In fact, buy another as a spare, then if one does break down, you've still got a tractor working, and less time messing about changing implements.

Even allowing for say £5k repairs over next 5,000 hrs, I recon something like this is the cheapest option. When it's reached 10,000hrs it will still be worth £20k. That's £25k depreciation for about 5,000hrs, so £5 per clock hour.

Granted, don't have the warranty piece of mind vs a new tractor, which might be deciding factor for some. Horses for courses.

To be fair, older tractors might not be autosteer ready, so another factor to consider.

@henman also gave a reasonable ownership cost for changing his tractor at 3 years. 150hp though, so suppose not a direct comparison.

No doubt the link will break. It was a 2009 MF6499, 5,500hrs, asking price £36,500

Robson Tractors

Robson Tractors for high quality used and ex-demonstration tractors, combines, handlers and farm equipment.

www.robsontractors.co.uk

 

[Bossfarmer]

Are you not missing the point? Yes you could buy a pickup with the loose change. However. You are asking a price on price to change not cost of ownership.
No one is saying the fendt will do more work. You have sort of answered your own question. So next question.
Whats the price to change your current pickup?

Ive already pointed out the fendts cost of ownership would be much higher also, im seeing little upside especially when most people i speak to with fendts have bn hit with a catastrophic bill at somepoint for an engine or more commonly gearbox

 

[Bossfarmer]

Seeing as no1 has brought it up yet he said he changed to a 2020 t7210 at 80k which isnt a new tractor. So for those comparing a the fendt change from 80k to 160k with 80k to change the new holland t7200 to a brand new t7210 autocommand which it has to be to compare apples to apples would be around the 80k mark to change so no real difference?

It was last summer i changed so yet it was new and highly specced and big tyres

 

[Flyingscotsman]

Not sure why this industry is fixated with owning high value , complex kit with potentially costly repairs which can’t be forecasted.
There will be a shift IMO to fixed cost of ownership - it’s the only way to go as the gap between farm output prices and the cost of captial equipment ever widens.
I can see it happening with Combines, SP Foragers , SP Spud Harvesters ,etc initially.
Contract Hire has to be looked at - granted not for all, however as farm units become larger and more commercial , this seems as logical step.
Alternatively, I can see Subscription based ownership coming into play - “pay as you go” which is already established with operators of Large Square Balers (BBN & BBS business model been doing this for decades).

As machines become larger and more complex , the second life options will shrink with fewer willing to take on the financial liability second hand. Contract Hire & subscription based usage removes this burden - look at other industries using this model - Haulage , Aviation , Mining , Materials handling …..

 

[Bossfarmer]

That 2nd hand one can’t be right, there’s an 8000hr 724 on local dealers site for £56,560.

Its the highest priced one ive seen at those hrs tbh id be shocked if someone paid that

 

[Bossfarmer]

How many hours on the new (to you) T7210 Bossfarmer?
Seems cheap for the 200, did you just trade it?
I guess the other thing is what has the old one cost to run, if it only needs a few bits and bobs and basic servicing, its pretty good but add in a new transmission or engine work it gets expensive.

It was new last summer, no mayor work done on the 200 so cant fault it tbh thats why im curious as to how a fendt could be better

 

[Will 1594]

Cost to replace (with the same again) divided by hour worked is how I quantify tractor cost.

you buy 1 st tractor for 50 sell it for 28
that has cost you £22 over time of keeping it
no 2 costs 65 so costs 43 to change , you will not know what your trade in will be at x till you sell it
the 22 figure is your cost per hour worked not 43 to change