You don’t need to own all the equipment for your farm. Hiring custom operators can be the best way to get many field operations done on small farms. Wisconsin surveys costs for common custom operations every three years. The 2013 survey results are here http://fyi.uwex.edu/forage/files/2014/01/custom_rates_2013.pdf
If and when you decide to buy your own equipment, put safety first and try to match the size of the equipment to the needs of your farm. The Missouri Beginning Farmer website equipment section has some good tips http://beginningfarmers.missouri.edu/equipment.aspx
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