Death Watch; RME

[iceman]

Little jimmy just laid off over 50 workers .... sooner or later the Ag Industry Will realize they have bitten off the hand that feeds them

Anyone else hear about Jimbo losing 83mill in the Ag dream last year?

Iceman

[helmsdale]

Anyone else hear about Jimbo losing 83mill in the Ag dream last year?

Iceman

I can get this hat done in jimbo deere green if it so suits him...

[MBgrower]

Yup farmers expecting a good crop.
Local Caseih independant dealer sold 4 new 9240 combines to 1 farm today..

9240s will go cheap on resale, 50 series have harvest command.

[furrowtickler]

9240s will go cheap on resale, 50 series have harvest command.

Very few will be able to afford the 50 series with current grain prices
Hopefully the markets smarten up

[Herc]

The new twin deere is supposed to take owning a combine to new levels, 7 figures kinda levels.....

[sumdumguy]

Who can justify buying new and seeing it depreciate by 30-50% in a couple of years? 30% of $700,000= $200,000. 50% = $350,000 pretty cheap - no?

[Richard5]

Yup farmers expecting a good crop.
Local Caseih independant dealer sold 4 new 9240 combines to 1 farm today..

How can one farm buy 4 of these things? Is Scotiabank Saskatoon backing this farm? From what i heard, when you cap out with FCC and no one else wants you, Scotia will give you what you want

[AlbertaFarmer5]

Who can justify buying new and seeing it depreciate by 30-50% in a couple of years? 30% of $700,000= $200,000. 50% = $350,000 pretty cheap - no?

Judging by the fact that it keeps occurring, and the spread between new and used keeps growing, it appears as though virtually everyone can afford it, otherwise, prices would be going the other way. The laws of supply and demand at work.

[WiltonRanch]

Judging by the fact that it keeps occurring, and the spread between new and used keeps growing, it appears as though virtually everyone can afford it, otherwise, prices would be going the other way. The laws of supply and demand at work.

For a small scale hanger on like me, the last I thing I want to see is the big boys quit buying new. If so if they can’t make it float I definitely am not too far behind.

[bucket]

Can't have good used without having new at one point in a machine's life.....

The big boys have to keep buying those 100,000 dollar decals....