12. level 2. · 1y. The amount of money you earn is relative to the land you have and therefore you can buy machine’s which are relative to your farm. A small farmer doesn’t need the biggest machine so he can buy cheaper stuff while the bigger farmer does need bigger equipment to work his land. 2. level 1. · 1y.
You either inherit or marry a stable farm where you can afford expensive new tractors. Otherwise you get older tractors. If you are just starting and have new tractors that means you probably spent every last penny of ,000 the USDA loaned you for equipment.
How do farmers afford tractors? – Answers
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Best Answer. Copy. Because they use their money wisely and work hard all day. Wiki User. ∙ 2010-03-29 18:46:09. This answer is: Helpful ( 0) Not Helpful ( 0) Add a Comment.
Below are factors that dictate the price of a new farm machine. Year of manufacture; Model; Engine power; Size; Type of suspension system; Attachments (backhoe, loader, rake) Level of customization; Anyways, most farmers are unable to afford new rigs. So they focus on used ones mainly because the old tractors are cheaper and reliable.
People Also Ask how do farmers afford tractors
How much does it cost to build a tractor?
Additionally, tractors take a lot of investment to build. By factoring in labor, raw material, and technological expenses, production costs fall between $100,000 and $300,000. So buyers must pay a premium to cater to development expenses. Yet there’s more.
Are used farm tractors reliable?
Moreover, tractors hardly break down. Created using high-quality parts, the rigs prove to be reliable on smooth terrain and the open field. More so, used rigs are low-maintenance.
Why are tractors so expensive?
So, why are tractors so expensive? Tractors are expensive because they attract a high warranty premium, take time, work hours, and money to create, use advanced technology, serve their purpose, safeguard the environment by controlling carbon emissions, are highly versatile, and hold their value.
Do tractors hold their value?
Do tractors hold their value? From the look of things, tractors hold their value mainly because they accomplish all their roles and responsibilities. Made specifically for ranches, rigs excavate and haul tons of dirt, not forgetting about the thousands of haystacks that need transportation to the barn daily. Moreover, tractors hardly break down.