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Cattle Boards
Grasses, Pastures & Hay
feeding hay
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<blockquote data-quote="ChrisB" data-source="post: 616317" data-attributes="member: 122"><p>When figuring the cost of owning the equipment you need to remember that after 5 years that equipment doesn't have a value of $0.00 Plus you more than likely use the tractors for more than just hay and a tractor is pretty much a neccessity.</p><p></p><p>For 350 bales a year I agree you can't justify new equipment, but it can make sense. Maybe not when hay is $20 a bale, but when it jumps to $50-$60 you'll be money ahead.</p><p></p><p>For example the first baler I had I bought for $1500 and I baled about 1500 bales with it before I wanted something faster and I sold it for $800, cost per bale $0.47 (not counting minimal repairs). The next baler I bought for $4500 and baled about 2000 bales with it before I sold it for $3900, cost per bale: $0.30. The entire time I owned those 2 balers I used the same mower that I bought for $1495 and rake - $500. These cost around $0.57 bale not counting repairs. Granted there were a lot of frustrations to having older equipment, but if my newer equipment can end up even costing 4 times more money per bale I'll be happy. Our tractors are all older also (newest one is an '89) and they were bought used and still hold roughly the same value as they did when we bought them. But the amount of time being used for hay is probably about 1/3 that they are used for other purposes. Land is the biggest cost, followed by fertalizer , then probably fuel.</p><p></p><p>I bale between 450-600 bales per year.</p></blockquote><p></p>
[QUOTE="ChrisB, post: 616317, member: 122"] When figuring the cost of owning the equipment you need to remember that after 5 years that equipment doesn't have a value of $0.00 Plus you more than likely use the tractors for more than just hay and a tractor is pretty much a neccessity. For 350 bales a year I agree you can't justify new equipment, but it can make sense. Maybe not when hay is $20 a bale, but when it jumps to $50-$60 you'll be money ahead. For example the first baler I had I bought for $1500 and I baled about 1500 bales with it before I wanted something faster and I sold it for $800, cost per bale $0.47 (not counting minimal repairs). The next baler I bought for $4500 and baled about 2000 bales with it before I sold it for $3900, cost per bale: $0.30. The entire time I owned those 2 balers I used the same mower that I bought for $1495 and rake - $500. These cost around $0.57 bale not counting repairs. Granted there were a lot of frustrations to having older equipment, but if my newer equipment can end up even costing 4 times more money per bale I'll be happy. Our tractors are all older also (newest one is an '89) and they were bought used and still hold roughly the same value as they did when we bought them. But the amount of time being used for hay is probably about 1/3 that they are used for other purposes. Land is the biggest cost, followed by fertalizer , then probably fuel. I bale between 450-600 bales per year. [/QUOTE]
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