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Re: Farmall M engine
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If the engine is fully apart, including everything but the sleeves and crankshaft, putting it back together would be pointless without finding out why it was torn down. Feel the cylinder ridge. (top of the ring travel area of the cylinders. If that ridge can be easily snagged with your fingernail, the engine needs new sleeves. If you see rust on the bearing journals, and that rust would require more than a light polish with 400 grit paper, the engine will need to be taken out of the frame and rebuilt, (the crank will not come out with the block installed in the grader). If you are a mechanic, or clearly understand what I just said and are adventurous, Go for it.
A cleanup of surface rust (no pits) and no ridge, with a set of rings and gaskets and a valve job is going to be in the 5 to 6 hundred area with your labor. If requiring a rebuild out of frame, the cost will be more like 1500 for parts and require dramatically more tools. If non of these are options, a usable guaranteed engine, or one you have seen run in a doner tractor, and does not smoke with good oil pressure, would be in the 800 to 1000 arena. A fresh rebuilt engine from someone will be in the area of 2000.
Old tractors are a dependent you cannot claim unless they can work for you. Graders are fun to operate, but take up dramatic space, and are not great snow plows. Jim
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