You can get some older equipment for cheaper than that.
My dad bought a good sized track hoe to dig a levee around a 53 acre tract of land in Creole for about $8K.
He paid $1200 to get it trucked to his land. After he finished with it, he sold it for $8K.
To hire a contractor to do the work would have cost around $24K.
The thing about renting or getting someone to do it for you, is they have a lot of overhead to pay for, like insurance, office rent, trucks... ect. You can't expect them to do it for nothing.
My dad's old track hoe had no radio or a/c like the newer ones. But it did the job.
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