Choosing Between New and Used Farming Equipment

Farming equipment and machinery play an integral role in enabling farmers and growers to work efficiently and productively. As technology has advanced, the agriculture industry has modernized, providing incredible opportunities for farmers to benefit from innovative new farming techniques.

For farmers, there’s often a dilemma when it comes to choosing whether to invest in new or used farming equipment. There are advantages and disadvantages to both options. In this guide, we’ll explore the pros and cons to help you decide whether it’s best to buy new or used machinery. 

Benefits of New Farming Equipment

Advances in technology can be extremely helpful to farmers. Purchasing new equipment with the latest features creates opportunities for increased growth and profitability. Advantages of buying new farming equipment versus used machinery include:

• Improved energy efficiency: New farming equipment is more energy-efficient than older machinery, making it more eco-friendly and cheaper to run. 
• Increased productivity: Newer machinery can help improve productivity and efficiency, enabling your businesses to produce more for less. 
• Reliability: New farming machinery is less likely to break down than brand-new equipment, meaning it will last longer.
• Lower risk of damage and faults: Buying new farming equipment reduces the likelihood of obtaining damaged or faulty machinery, sparing you from costly repairs.
• Technology and features: New equipment boasts updated features and innovative technologies, such as automation, that didn’t exist in previous generations.
• Buying with a guarantee: If you purchase new farming equipment, it should come with a manufacturer’s warranty. This may not always be the case with second-hand equipment. 

At Milestone, we carry the following brand-new, custom-built equipment:

• Cutters and treaters
• Debris elimination systems
• Pilers and conveyors
• Processing equipment
• Sizers, eliminators, and sorters
• Water wheels

Advantages of Used Farming Equipment

Statistics suggest that buying used farming equipment has become increasingly common. According to Sandhills Global, used equipment inventories in the US are growing by over 40% each year. There are several benefits of purchasing used farming equipment, including:

• Cost: The price of used farming equipment is often significantly lower than brand-new equipment. In addition, it’s important to consider depreciation when buying new farming equipment. New equipment loses value faster than used machinery and tools. 
• Accessibility: Used farming equipment tends to be more widely available than new machinery. The lower costs also enable farmers and agriculture businesses to access a wider range of vehicles and equipment. 
• Easier maintenance and repairs: Buying used equipment may carry a higher risk of repairs, but older equipment is often easier to repair and maintain than newer models.

Examples of used farming equipment you can find at Milestone include:

• Cutters and treaters
• Pilers and conveyors
• Sizers and eliminators

Factors to Consider When Choosing New Equipment

If you’re thinking about buying new farming equipment, here are some essential factors to consider:

Budget and financial planning

Buying new farming equipment represents a significant financial investment. Before you purchase machinery, it’s wise to assess your budget and financial forecasts, research running and maintenance costs, and ensure you can afford to buy. 

Long-term investment opportunities

It’s advisable to evaluate the short and long-term costs of buying new farming equipment. The initial outlay for new machinery may be substantially bigger than buying used equipment, but new equipment may represent a better long-term investment. Considering the frequency of use is beneficial when calculating short and long-term cost benefits.

Future maintenance and support

New equipment should not require any repairs right away, but you’ll need to consider the costs and time involved in maintaining the equipment later down the road.

Milestone's service department offers comprehensive equipment inspections, whether on-site or at our facility. Many customers bring in their equipment annually for a thorough check-up. During the inspection, we identify any parts that need replacement, review our findings with you, and proceed with repairs only after your approval.

Custom specifications

Milestone specializes in designing and building custom equipment tailored to meet the unique needs of each farmer or company. For example, many of our clients operate cutting sheds where potatoes are processed. These sheds often have specific layouts and space constraints, so we create cutters, conveyors, and other equipment to fit perfectly within those parameters while meeting exact specifications.

We also offer customizable features, from adding specialized lighting to adjusting the size and type of cut the equipment performs. This level of personalization ensures our equipment integrates seamlessly into your operations.

Factors to Consider When Choosing Used Equipment

There are several factors to contemplate before buying used equipment as well. Consider these crucial points when exploring used machinery and tools:

Condition and history

It’s important to assess the condition of the equipment and learn more about its history before you buy. The better the condition, the longer the equipment will last and the lower the risk of repairs. Ask to see repair and maintenance records before you buy. These documents will give you valuable insights.

Inspection and testing

Thorough inspections and testing can help you assess performance levels and ensure you’re getting high-quality used farming equipment in good condition. At Milestone, we prioritize quality and reliability, which is why every piece of used equipment sold directly through us undergoes a thorough shop inspection. 

During this process, we assess the equipment’s condition and provide you with a detailed quote outlining recommended replacements, such as bearings, chains, rods, and other essentials. These suggestions allow you to decide which updates you’d like to proceed with before finalizing your purchase. 

Many of our farmers rely on equipment from as far back as the 1980s and 1990s, which continues to perform exceptionally well thanks to regular shop inspections and diligent maintenance. Our commitment to keeping your equipment in top shape ensures it meets your needs for years to come.

Design limitations

Keep in mind that used equipment from Milestone was initially customized for another farm’s setup. While it maintains our quality craftsmanship, it may not offer the same precise fit or tailored functionality as a new custom-built piece of equipment.

Source and reputation

Think carefully about where you buy used farming equipment. Look for reputable, highly rated companies like Milestone that specialize in used farming machinery. 

Financial and Operational Implications

There are benefits and drawbacks to buying both new and used farming equipment. When deciding which option is best for your business, focus on your requirements, preferences, and goals. Knowing what matters to you will help guide your decision-making. 

If you’re weighing the pros and cons, we encourage you to evaluate your operational needs. Consider your budget, and perform a cost analysis to help you decide which route will be most financially sound. In addition to the purchase price, it’s important to factor in the equipment’s running costs, possible maintenance fees, and projected lifespan. Calculate how much you can expect to pay yearly for new and used farming equipment and compare figures. Use the data to help you choose the best investment for your business. 

Farming Equipment in Blackfoot, Idaho

Many farmers face the dilemma of choosing between new and used equipment at some point in their careers. There are advantages and disadvantages to purchasing both new and used farming equipment, but one option may be better for you. If you have questions or need expert advice, don’t hesitate to seek help from industry professionals like those who are a part of our team.

If you’re looking for high-quality new or used farming equipment in Blackfoot, Idaho, contact Milestone Equipment today for assistance with your operation’s needs. Our team will help you determine which route is best for you.