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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (53007)	12/17/2013 1:27:57 PM
From: robert b furman	Read Replies (2) \| Respond to of 78753

Yes I'm sure they do. I recall them saying the accountant tells me I must either pay taxes of buy a new tractor. So after a good year they need depreciation or pay the big Gov. That being said I'm sure it doen't happen every year. Now the big farmers buy track hoes to make barns with. Feed mixers which is newer technology. Based on the cows age and milk stats they custom mix ground corn wheat cottonseed and vitamins and feed older cattle different from younger. It is getting complex. google.com Bob

To: E_K_S who wrote (53007)	12/17/2013 2:01:19 PM
From: deeno	Respond to of 78753

I beleive one of the big catalyst (negitive) for the industry is a change in sec 179 tax code. Its a big deal, but I dont know the current status.

To: E_K_S who wrote (53007)	12/18/2013 12:15:52 AM
From: Joan Osland Graffius	Respond to of 78753

In my opinion most farmers buy new equipment when they need it. They will buy used equipment if it is available. When you get in farmland USA, you will find a lot of used equipment available, as farmers are expanding their productive acreage, while some are retiring. There are less farmers per acre every year. The new equipment always handles more acres. Most of the farming these days is done using GPS directed equipment. The systems can direct how much fertilizer to use, how much weed killer to use in specific areas; and the system works with the driver during the planting and knows how to cultivate the rows of corn, soybeans, sugar beets, etc. So most of the hard work is accomplished by these systems. There still is a person in the combine and tractors, but very little work for the driver to do. On our farm we have the satellite hook up on top of the windmill and it can be used 20 or more miles away as we have land that far away. We lease it out to other farmers in the area. We use John Deere equipment and it is all is hooked up to the satellite.