His two latest combines were bought new from the John Deere dealer, GPS systems & all - $485,000 each.
Past few years they have been switching from 8 & 12 wheel tractors to Trac drives. Fewer pounds per square inch on the ground & easier when it is a bit wet.
Fuel costs but with GPS systems accurate to +- one inch there is little fuel wasted on double planting/disking and whatnot. Ammonia & round up ready seeds, spraying for pests & such do cost. Instead of spraying machinery he uses our local Crop duster. Costs a bit, gets it done quicker and has no sunk cost in machinery for it. The pilots love it. 2 miles of unobstructed spraying on some of his fields with no power lines or trees to worry about.
Good tax planning with kids and grandkids factored in for the future.
Nicest part of North Dakota farming and ranching is NO Corporate farms. Closely held family Corporation is the limit - living North Dakota resident owned. No Monsanto, Simplot or the big outfits. It is illegal for them to own the farms & ranches. The State works hard to protect the Family Farm.
A bit South is a nice Bison ranch. Good herd, rolling hills & some nice lakes & ponds. Scenic & no power lines or towers. Movie and TV types come in to photograph them from time to time.
Many of the farmers have College degrees. Some with Masters & a few PhD's in the mix. Plant geneticists and seed companies all over the place. Ever more productive crops. Machinery is so expensive and computerized now you almost need a college degree to run it.
The local High School has both Boys and Girls wrestling teams, trap shooting and Olympic style rifle team.
Small towns, not many people. Open and relaxing. Fargo is a few hours East of us. We're up near the Canadian border. Prairie pothole country with ducks & geese & moose & elk & deer and good fishing as well.
Now if only UND would get a wrestling team and NDSU would catch fire with theirs.