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Old Jan 10th 2020, 02:42 AM   #1
  Jan 2020
Used farm equipment for sale by owner (

Itís impossible to farm without the right equipment, and that equipment doesnít come cheap. But there are alternatives to buying new, off the lot, at full retail price. There are bargains to be had.

Like used cars, there is a healthy market for used farm machinery. If you are looking to buy or sell, here are some basics you should know.

You might also consider buying used equipment when starting a new farming venture. It would not be unusual for the lending institution to specify the used equipment.
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The advantages of buying new equipment include income tax considerations and new technology (resulting in increased efficiency, productivity, etc.). Financing also may be easier to obtain new equipment.
Small farming operations might find advantages in buying used equipment if the owner wishes to maintain control over certain equipment operations but finds that new equipment is not economically efficient. Used equipment also is appropriate when buying a back-up unit. Used tractors are useful to tow nut carts during walnut or almond harvest when the tractor will run a few hours seasonally. Used equipment can also be used for less-critical and/or low annual usage tasks.
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