There isn't much "equipment" needed to make a bucktail jig. You need to find high quality bucktail material, that's the key. They use some heavy fly tying thread or even rod thread and some head cement of even clear nail polish (I prefer the head cement as it penetrates better).
Some kind of vise helps to hold the jig head but you can get an inexpensive used vise almost anywhere. Some guys even make a vise out of vise-grip pliars.
The difficult thing IMO is to get the jig heads. You either have to make your own which involves lots of equipment and a reliable source of lead, or buy them and they gets expensive too unless you're buying them in really large bulk.
If you use (and loose) lots of bucktails it may be worth your time. Otherwise store bought or "friend borrowed" is probably better.
Jaiem
ArtsNFlies.com