What to Know Before Buying a Combine

| 6/8/2016 4:30:00 PM

Megan WildAlthough many turn to the acts of farming and homesteading as methods for self-sustainability and cost-cutting, the long-term harvesting and cultivating of crops actually involves a great deal of time, labor and expense. This is especially true when it comes to larger farms that require the use of heavy farm equipment, such as combines, to gather and process crops. With that in mind, there are a number of factors to consider before purchasing a combine or any other similar machinery.

Combine in field

Buying Used or New?

Most farmers who maintain permanent, full-time farms can benefit from buying the necessary farm equipment outright. While this can be rather expensive, combines and other equipment that are used on a daily basis can typically pay for themselves in a few short years. Moreover, you'll be sure to have your equipment ready and available whenever you need to use it.

However, this still leaves you with the options of buying new or used equipment. Generally speaking, if your budget allows for it, you can probably spring for a new, top-of-the-line model. Those who are tight on funds, on the other hand, might have no other choice then to go with used equipment.

According to some estimates, those who will spend less than 200 hours on their farm on a yearly basis are better off, financially, purchasing a used combine as opposed to a new one. When you consider that used combines can be found for as much as $100,000 less than their brand-new equivalents, the amount you save on buying used can help offset some of your other farming expenses.