You hear the phrase “used farm equipment” and immediately visualize the dilapidated appearance and state of the various tractors, combines, harvesters, plows, etc. It’s unlikely that you should imagine them in pristine condition, and in fact, you may think of used farm equipment as something to avoid. However, buying used has many benefits, and we are going to review ten of the best reasons to consider this option:
1. New businesses can save a lot of money: A new agricultural business of any kind can immediately reduce start-up costs by dramatic amounts by opting for used machinery. Depending on the focus of the farm, the savings can be enjoyed in almost any area, from pecan carts and plows to tillage equipment and heavy-duty tractors, reliable used equipment is always available.
2. Your lender may insist. It is not unusual to find that your lender specifies that used equipment must be purchased with the funds. This is, again, a way to control start-up costs and ensure the farm has the right machinery without breaking the bank.
3. Backup machinery. There are few farms that can be put on standby while something is repaired, and buying used provides an affordable method of having a spare machine on hand.
4. The “life cycle” of farm equipment is predictable. You may not know that all farm equipment has a general “life cycle” that predicts the number of hours it can be used (average use) before wearing out. This allows you to purchase used farm equipment and reasonably estimate how much use you will be able to get from the equipment.
5. Seasonal use machinery. Do you harvest seasonal items (such as peanuts)? If so, buying used farm equipment will give you a low cost and many years of seasonal use/low hours.
6. Greener businesses. Although an older machine may not be as fuel efficient, buying used machinery is one way to reduce the size of your overall carbon footprint. There is no need to invest in new equipment and taking advantage of the many used items is extremely eco-friendly.
7. Recognized brands. You can get a name brand machine for a very low cost when you buy a used one, and this will allow you to easily find parts and avoid the problems associated with lesser known brands (ie they have gone out of business and parts are unobtainable). ).
8.Technical specifications. If you compare the performance specifications of a new machine to those of an older model, it’s not unusual to see a minimal difference. Buying used farm equipment means high-end functionality at a reduced price.
9. Exchanges. Just like car owners like to lease and upgrade every two or three years, so do farmers. You can get a great deal in a trade and know that it’s been well-maintained, gently used, and was a great bargain.
10. Trials – Most used equipment dealers allow a trial of larger equipment, and this is something few new dealers will offer.
There are many other benefits to buying used farm equipment, but these are some of the strongest arguments for looking for farm equipment that saves you money and provides excellent performance.