Moving Forward: Blog
Unlike that used work truck you may have paid for with cash, pre-owned farming equipment requires hefty sum to purchase. So you’ll probably find it necessary to obtain financing in order to afford a quality used combine, tractor or other piece of machinery essential to the success of your farm. Below you’ll find several different financing methods and terms, most of which are made available to purchasers of new or used equipment. Different outlets will offer different financing options, so be sure to contact the bank or finance company you’re interesting in working with to find out if they offer the loan that’s right for you.
No matter how long you’ve been using your existing farm equipment, chances are you’ll need to exchange it for newer, more advanced machinery sooner or later. Proper maintenance combined with a little TLC can help you protect the resale value of your combines, tractors and more. Below you’ll find tips and advice that will allow you to fetch top dollar come trade in time. Condition matters
In a lot of ways, large pieces of farming equipment are like trucks, tools or appliances – sometimes it just makes sense to buy used. In most cases, buying used farm equipment allows you to save money, avoid a big-time depreciation hit and still land a reliable piece of machinery. Still, there are some important steps to take and things to consider before you fork over your hard-earned money on something like a used tractor or combine.
At Mud Hog, we set out to ask farmers what seems like an age-old question: when it comes to combines, do you prefer yours be equipped with two- or four-wheel drive? What we got were several different arguments from men and women from all throughout the country. Many of the responses we received were tied to personal experience, preferences and harvest locations. The following is a sample of what we heard.
When you’re buying equipment it can be tempting to get the newest, best thing that you can afford. Sometimes you might even be tempted to go outside your budget and buy something you can’t really afford. But you don’t need to get caught in that trap – because for many, the difference between the shiny new thing and the next best option isn’t really worth it.