Description

Episode Summary

In this episode, I tackle a big question that every operator faces at some point: Do we fix our equipment or trade it in?I walk through a recent equipment decision we face and dive into the numbers, the decision-making process, and the trade-offs involved when it comes to managing one of the biggest line items on the farm.

Your operation is unique. Don't get caught chasing what the neighbor is doing. Instead, run your numbers, understand your cash flow, and do what aligns with your long-term strategy. Whether you fix it, trade it, or run it into the ground — make sure it's an intentional decision.

In this week's episode I share making smart equipment decisions:

• How to break down labor vs. parts cost and determine what work you can realistically do yourself
• Avoiding the "mental spiral" that can come with long repair lists
• How dealerships may influence your decision to trade up
• Comparing repair costs to trade-in costs, interest rates, and cash flow impacts
• Understanding depreciation and the risk of negative equity
• How your stage of business, growth plans, and equipment cycle influence your decision
• Why this is a personal decision that requires your own math, not your neighbor's

Resources & Links:

• To learn more about how I can help you achieve financial clarity and confidence through essential tools and systems, check out my free training here!

Connect with Garrett:

• Follow on Instagram - @garrettruskamp
• Follow on Facebook - Garrett Ruskamp
• Follow on TikTok - @garrettruskamp
• Learn more about Pioneer Farmer here!

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