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| An accountant would tell you that if you don't need it or can't use it then don't buy it. However, there are some circumstances where it could offset non-farm income (or huge farm income gains in one year) to reduce your adjusted gross income and therefore reduce your tax liability. For years of high net income you could employ the section 179a of the tax code and depreciate a large portion of the equipment so you are not hit so hard with taxes in one year.
I'm with the "if you can't use it don't buy it." If it makes my life easier and I can justify it, I will buy it.
Disclaimer - I am not an accountant. Batteries not included.
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"Long run" and the life of an operation
