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<blockquote data-quote="mml373" data-source="post: 1768131" data-attributes="member: 38746"><p>Yes, this is correct. I want to grow, and plan to buy a tractor one time. Of note, I am well into middle age, fully disabled but one stubborn SOB, and am approaching farming/ranching as an opportunity to enjoy the years I have left, to learn, and to perhaps hand this off to one of my children. Whether equipment pays for itself is immaterial, as my costs to start the farm up from scratch are substantial and my timeline is shorter than if I started young. The farm will likely never pay off what I invest into it. This is a lifestyle choice for me. Any of us could end up in a wheelchair tomorrow, and I don't want to say I never tried the ag lifestyle because I wrote myself off due to disability.</p><p></p><p>Perhaps I am not understanding the financial aspects. I cut 300 regular sized square bales on 3 acres of unused ground in July for $1.25 apiece. Those bales could be sold for $10 apiece. That's $2625 profit. OR, I could hang onto them to avoid the cost of buying hay for my sheep this winter. Maybe someone should educate me on why a tractor can't pay for itself over time. It won't happen quickly, but I have more acres I could hay. Also opens up opportunities to make some cash on the side haying for other people. Also allows me to maintain my property (haha). Perhaps there are some tax breaks in there as well.</p></blockquote><p></p>
[QUOTE="mml373, post: 1768131, member: 38746"] Yes, this is correct. I want to grow, and plan to buy a tractor one time. Of note, I am well into middle age, fully disabled but one stubborn SOB, and am approaching farming/ranching as an opportunity to enjoy the years I have left, to learn, and to perhaps hand this off to one of my children. Whether equipment pays for itself is immaterial, as my costs to start the farm up from scratch are substantial and my timeline is shorter than if I started young. The farm will likely never pay off what I invest into it. This is a lifestyle choice for me. Any of us could end up in a wheelchair tomorrow, and I don't want to say I never tried the ag lifestyle because I wrote myself off due to disability. Perhaps I am not understanding the financial aspects. I cut 300 regular sized square bales on 3 acres of unused ground in July for $1.25 apiece. Those bales could be sold for $10 apiece. That's $2625 profit. OR, I could hang onto them to avoid the cost of buying hay for my sheep this winter. Maybe someone should educate me on why a tractor can't pay for itself over time. It won't happen quickly, but I have more acres I could hay. Also opens up opportunities to make some cash on the side haying for other people. Also allows me to maintain my property (haha). Perhaps there are some tax breaks in there as well. [/QUOTE]
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