{"id":21213,"date":"2022-05-28T05:00:37","date_gmt":"2022-05-28T09:00:37","guid":{"rendered":"https:\/\/alanskeoch.ca\/?p=21213"},"modified":"2022-08-30T18:29:04","modified_gmt":"2022-08-30T22:29:04","slug":"episode-590-just-how-much-does-a-new-tractor-cost-may-28-2022","status":"publish","type":"post","link":"https:\/\/alanskeoch.ca\/?p=21213","title":{"rendered":"EPISODE  590    JUST HOW MUCH DOES A NEW TRACTOR COST?  MAY 28, 2022?"},"content":{"rendered":"<div>\n<div class=\"\">EPISODE &nbsp;590 &nbsp; &nbsp;JUST HOW MUCH DOES A NEW TRACTOR COST? &nbsp;MAY 28, 2022?<\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">alan skeoch<\/div>\n<div class=\"\">may 28,2022<\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">A STRANGE THyING HAPPENED ON THE FIFTH LINE TODAY. &nbsp;I was out at the farm mailbox looking at the<\/div>\n<div class=\"\">rocks we had removed from our 25 acre farm. &nbsp;Not really a farm. &nbsp;25 acres is not a farm. &nbsp; As a matter of&nbsp;<\/div>\n<div class=\"\">fact 100 acres is no longer a farm. &nbsp; How many acres makes &nbsp;a farm these days? &nbsp; Anthony Acres, a large<\/div>\n<div class=\"\">commercial farm down the Fifth line rent 12,000 acres from landowners near the GTA. &nbsp;Now that is a farm.<\/div>\n<div class=\"\">Yes, 12,000 acres.<\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">As I was thinking about the change in agriculture, I heard something thundering down the line.<\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\"><img decoding=\"async\" apple-inline=\"yes\" id=\"D43C4986-5F86-46CB-A424-B5C51CD6A311\" src=\"https:\/\/alanskeoch.ca\/wp-content\/uploads\/2022\/08\/A46D886C-E790-461E-BBEC-95B91A579765_1_105_c.jpeg\" class=\"\"><img decoding=\"async\" apple-inline=\"yes\" id=\"98DC6EB1-2BF8-491C-A4ED-9645DE61647D\" src=\"https:\/\/alanskeoch.ca\/wp-content\/uploads\/2022\/08\/D05F5A8C-FA8B-44D9-B3A6-BD76E2A3FB76_1_105_c.jpeg\" class=\"\"><img decoding=\"async\" apple-inline=\"yes\" id=\"D46AF7C7-4E44-4CB1-B34C-F63728376935\" src=\"https:\/\/alanskeoch.ca\/wp-content\/uploads\/2022\/08\/B5FF1634-B119-4A52-BF13-E2017A0A6603_1_105_c.jpeg\" class=\"\"><img decoding=\"async\" apple-inline=\"yes\" id=\"DC73CFFF-757F-4C60-B724-ADA774A6AB99\" src=\"https:\/\/alanskeoch.ca\/wp-content\/uploads\/2022\/08\/3A145F22-B048-463E-9FEF-B5B867A55B33_1_201_a.jpeg\" class=\"\"><\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">A big JOhn Deere tractor with hydraulic rollers was passing. &nbsp; I took a fast picture.<\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">The the strangest thing happened. &nbsp; The driver put on the brakes and backed up to where I was standing.<\/div>\n<div class=\"\">\u201cDp want a picture of yourself on the machine?\u201d, he said. &nbsp;\u201cYou bet , I do.&#8221;<\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\"><img decoding=\"async\" apple-inline=\"yes\" id=\"5168172D-F8C4-4501-93FF-F14F20B7C88C\" src=\"https:\/\/alanskeoch.ca\/wp-content\/uploads\/2022\/08\/0D0B2A84-5198-43F6-8EA5-386C4B6787CD_1_201_a.jpeg\" class=\"\"><img decoding=\"async\" apple-inline=\"yes\" id=\"6AFB6E91-C484-4893-8F00-F11CB6B81A11\" src=\"https:\/\/alanskeoch.ca\/wp-content\/uploads\/2022\/08\/EB298CEA-AB01-48B1-BC14-AA8D6622F4FB_1_201_a.jpeg\" class=\"\"><\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">I climbed h ladder into the cab. &nbsp;The young man snapped my picture then continued his way down the<\/div>\n<div class=\"\">line to a field near Highway 7 that needed rolling to keep the stones from destroying the cylinder of<\/div>\n<div class=\"\">the combine next fall. &nbsp; Pushed the stones back down into the earth from whence they came. &nbsp;Delivered thousands of<\/div>\n<div class=\"\">years ago by the ice sheet that covered Ontario. &nbsp;Ice moves. &nbsp;Ice grinds rocks into boulders. Boulders into stones.<\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\"><img decoding=\"async\" apple-inline=\"yes\" id=\"871BDB29-1D8D-49D4-9742-2B2CCE89710E\" src=\"https:\/\/alanskeoch.ca\/wp-content\/uploads\/2022\/08\/B2C2B8FB-0ECB-4D88-9B16-78BD56BFEC09.jpeg\" class=\"\"><\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">That set me to thinking. &nbsp; How much does a tractor like that cost? &nbsp;Really cost. &nbsp;The young farmer was not too<\/div>\n<div class=\"\">sure but ventured a figure of $200,00 dollars with attachments like the roller or a multi furrow plough or a stone picker.<\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">He was correct. &nbsp; A 100 horsepower John Deere tractor costs somewhere between $100,000 to $150,000 dollar brand new.<\/div>\n<div class=\"\">Holy Samoley! &nbsp;Anthony Acres have several of these plus attachments and several combine harvesters. &nbsp;That is well over<\/div>\n<div class=\"\">a million dollars worth of farm machines. &nbsp; How do they ever make a profit?<\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">They cannot make a profit buying farmland. &nbsp;So they do not even try. &nbsp;They rent land paying landowners about $90 an acre intent.<\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">Just how much profit can a modern farmer expect \u2026 on a per acre basis? &nbsp;Not much.<\/p>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">\n<h1 class=\"entry-title post-tile\" itemprop=\"name\" style=\"box-sizing: inherit; font-size: 24px; margin: 0px 0px 10px; line-height: 1.3em; color: rgb(64, 69, 77); font-family: \"Source Sans Pro\"; background-color: rgb(255, 255, 255);\">EASTERN ONTARIO: It could take about 50 years for crops to pay for acre of land<\/h1>\n<div class=\"single-post-meta mom-post-meta\" style=\"box-sizing: inherit; font-size: 12px; color: rgb(198, 198, 198); line-height: 1.4; margin-bottom: 16px; overflow: hidden; padding-bottom: 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(234, 234, 234); font-family: Georgia, serif; background-color: rgb(255, 255, 255);\"><span style=\"box-sizing: inherit; margin-right: 10px; float: left;\" class=\"\">on:&nbsp;<time datetime=\"2020-02-13T05:00:40-05:00\" itemprop=\"datePublished\" class=\"updated\" style=\"box-sizing: inherit;\">February 13, 2020<\/time><\/span><span style=\"box-sizing: inherit; margin-right: 10px; float: left;\" class=\"\">In:&nbsp;<a href=\"https:\/\/farmersforum.com\/category\/news\/\" title=\"View all posts in News\" style=\"box-sizing: inherit; transition: all 0.2s linear 0s; color: rgb(198, 198, 198); outline: none 0px; text-decoration: none;\" class=\"\">News<\/a><\/span><\/div>\n<div class=\"entry-content\" style=\"box-sizing: inherit; caret-color: rgb(33, 33, 33); color: rgb(33, 33, 33); font-family: Georgia, serif; font-size: 14px; background-color: rgb(255, 255, 255);\">\n<p style=\"box-sizing: inherit; margin-bottom: 20px; margin-top: 0px; font-size: 16px;\" class=\"\">PEMBROKE \u2014 Some farmers say they will never see a profit from land purchases as the price of land is simply too high. However, some farmers are buying land as an investment, while others feel pressured to buy adjacent land.&nbsp;<br style=\"box-sizing: inherit;\" class=\"\"><br style=\"box-sizing: inherit;\" class=\"\">According to OMAFRA estimates, operating expenses for an acre of corn would cost $518 to $544 per acre, depending on the tilling system. If the acre yielded 160 bushels and the corn was sold for $5 a bushel, a farmer could expect $256 to $282 in profit.&nbsp;<br style=\"box-sizing: inherit;\" class=\"\"><br style=\"box-sizing: inherit;\" class=\"\">For soybeans, operating expenses could cost $265 to $288, said OMAFRA. Yielding 45 bu\/ac sold at $11 a bushel would equal a $207 to $230 per acre profit. Those OMAFRA estimates include fungicides, insecticides, insurance and a bevy of other expenses, but do not include land rent or land purchasing.<\/p>\n<p style=\"box-sizing: inherit; margin-bottom: 20px; margin-top: 0px; font-size: 16px;\" class=\"\">If a farmer bought a piece of property at $12,000 an acre, and rotated only corn and soybeans, he would make almost $500 an acre every two years. It would take about 48 years for the corn and soybean profits to pay for the purchase.<br style=\"box-sizing: inherit;\" class=\"\"><br style=\"box-sizing: inherit;\" class=\"\">Renfrew County farmer Darcy Smith purchased 230 acres at a reasonable rate from the bank last year after he put a bid on it. The land had been repossessed from another farmer. With land prices hovering around $6,500-$7,500 an acre in his area, that land would never pay for itself in a farmer\u2019s lifetime, he said.<\/p>\n<div class=\"\"><img decoding=\"async\" apple-inline=\"yes\" id=\"1BB475BD-E044-4440-8520-A20E14B4FE5D\" style=\"caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-family: Helvetica; font-size: 18px;\" src=\"https:\/\/alanskeoch.ca\/wp-content\/uploads\/2022\/08\/E73533F9-03F2-470A-9F8E-D35C3D341405_1_105_c.jpeg\" class=\"\"><\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">THIS 236 ACRE FARM near Hornby on the Fifth line has been empty for many years and is now for sale. &nbsp;It is highly unlikely that a<\/div>\n<div class=\"\">farmer will buy it. &nbsp; &nbsp;More likely a person with money will buy it in hope that it will increase in value. &nbsp;Speculator. &nbsp; &nbsp;Meanwhile Anthony<\/div>\n<div class=\"\">Acres may rent the land.<\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\"><img decoding=\"async\" apple-inline=\"yes\" id=\"17D55A10-DCAF-4FD2-9637-427B9C8A17BD\" style=\"caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-family: Helvetica; font-size: 18px;\" src=\"https:\/\/alanskeoch.ca\/wp-content\/uploads\/2022\/08\/C7D6F862-5802-46E6-AFA3-2CB73DDAC2DD_1_105_c.jpeg\" class=\"\"><\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\"><img decoding=\"async\" apple-inline=\"yes\" id=\"A560E461-C240-47F3-81DD-1F094C4798CC\" style=\"caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-family: Helvetica; font-size: 18px;\" src=\"https:\/\/alanskeoch.ca\/wp-content\/uploads\/2022\/08\/B85D658C-2108-451E-83C2-B1E4CADACB85_1_105_c.jpeg\" class=\"\"><\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">Here is a crop that has no value other than beauty in springtime. &nbsp;Dandelions. &nbsp;&nbsp;<\/div>\n<div class=\"\"><br class=\"\"><\/div>\n<div class=\"\">alan<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>EPISODE &nbsp;590 &nbsp; &nbsp;JUST HOW MUCH DOES A NEW TRACTOR COST? &nbsp;MAY 28, 2022? alan skeoch may 28,2022 A STRANGE THyING HAPPENED ON THE FIFTH LINE TODAY. &nbsp;I was out at the farm mailbox looking at the rocks we had removed from our 25 acre farm. &nbsp;Not really a farm. &nbsp;25 acres is not a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21213","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/alanskeoch.ca\/index.php?rest_route=\/wp\/v2\/posts\/21213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alanskeoch.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alanskeoch.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alanskeoch.ca\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alanskeoch.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21213"}],"version-history":[{"count":0,"href":"https:\/\/alanskeoch.ca\/index.php?rest_route=\/wp\/v2\/posts\/21213\/revisions"}],"wp:attachment":[{"href":"https:\/\/alanskeoch.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alanskeoch.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alanskeoch.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}