Richie Swift sale

[MBgrower]

I think there will be even better deals next spring.

[Oliver88]

Monday is the Saskatoon sale.

Might have to attend that one.

[Richard5]

Hopper would you spend a 100g on a piece of equip that does the same thing as it was used for last year to save $13g?

Even if its tax on income over 500g the tax is only 27%. Doesn't ever make sense to buy things for tax reasons only

[furrowtickler]

I think some of the numbers on these multi unit flip deals would be substantially less than a one off . Until the dollar crashed here lately some of these big farms are prob not out much except for the big seeding drills - they have to be taking a bath on those. I would think that has changed now with the low Canadian dollar. Most likely will see very few multi unit flips next year but who knows dealers may get desperate by next fall.
Anyway, interesting to watch .

[foragefarmer]

Tom4cwb

Its funny how your hunger strike hasn't resulted in any action by Harper towards the RR's. All that's resulted is a lot of lip service from Harper to rally the faithful. Tom, I'm sure with all your connections with the CPC party that Harper and Ritz are aware of what your doing.

[LEP]

I think these multi unit deals carry alot of risk for the dealer, unless the farmer switches color.

Often there is recourse back to the dealer on leases as the dealer guarantees buyback of the equipment at the end of the leases, subject to the conditions of the lease. Hours, excess wear and tear, etc.

All the btos are leasing with no money down trying to get their lease payment down to the level of depreciation. So no money tied up and just costs depreciation.

However, a bump in currency, interest rates, or a glut in used equipment ends the gravy train real quick.

[vvalk]

Sask3. You always talk about buying new equip so you should know the prices.

[TOM4CWB]

Thanks Forage,

You are very helpful... this is a interesting problem and will require innovation and careful consultations for the best solution that acheives balance of fairness.

This problem did not just appear... it has been building for decades!

[grassfarmer]

Building for decades ….. and you never even thought it was a problem last winter. As usual behind the 8 ball. Next you'll be giving Danielle Smith a call as the Wildrose is sure to form the next AB government, lol.

[SASKFARMER3]

Ok Vwalk with today's dollar what's z cash price on big quad loaded?

[Hopperbin]

Richard at my age I will choose to pay taxes in place of updating. Dealers lots are quite bare thisspring compared to last. Never counted but looked like about 50 swathers last year in one group. So at what point do the smaller lower overhead farmers just quit bidding as their trades are worthless.

[LEP]

Hopper, I have seen this playout alot. As farmers reach the sunset years they replace less and less.

Then they face making a large expenditure to replace a wore out piece of equipment. Most times that is the impetus to make the decision to have an auction.

Personally, I would rather go out that way than have the banker decide for me.

[TOM4CWB]

Grasssy,

Lighten up a little!

I was hurting... and sensitive about out of hand arbitrarily badmouthing them.

The railways had just won over us in our class action...

YET I clearly commented on Hunter Harrison's lay offs and Loco move to reduce power/cars at CP.

I know how cold snowy winters can be... and am not one to easily add insult to injury... when I see someone (the RR) struggling like the RR were last winter.

Thanks for reminding me!!!

[foragefarmer]

Tom4cwb

"I know how cold snowy winters can be... and am not one to easily add insult to injury... when I see someone (the RR) struggling like the RR were last winter"

In other words when it's closer to home it becomes an issue for you. As usual it's all about what's best for Tom.

[freewheat]

I find it so interesting when we talk of a 300 000 piece of machinery as being a "good deal".

My grandpa, and dad would be shocked for so many reasons. I am shocked even.