I agree with everything Brett said - but to add my 2 cents -
remember too that in the "old days" when this equipment was new, you could drive a few miles to the parts store and get parts fresh off the shelf the same day.
now, you're limited to finding stuff on ebay or in junk yards - can really slow you down.
old stuff IS going to break down often, without a doubt. There WAS a reason for all the evolution in machinery over the past 100 years.
There can be a tendency to think "they don't make em like they used to". but in MANY cases the truth is they make them better now. Obvious exceptions, but overall newer is better.
If you're more interested in appreciating the history of the equipment, and/or reliving the old days - then don't let anybody talk you out of it.
It will be slower and less cost effective, without a doubt - but it also may allow you to justify doing it in the first place. New equipment can be cost prohibitive if you're just doing it as a side interest.
I restore old equipment with our 4H club and they get to see it all in action. I believe this is a good education on many levels. It's not just a history lesson - it can also teach them why certain machines work the way they do nowadays. Many older machines are less complicated and teach fundamentals of how they work better than a new machine would that's totally covered up in guards and hydraulic hoses.
Plus it gives us a lot of opportunities to fix stuff - and in many times requires creative thinking to get something working again - as parts aren't always available.
In short, I think it's best to learn the hard old way first. Then you can really appreciate the newer ways more.
I think this lesson applies to adults as well.
Not necessary, but I think learning the old ways makes people much more well rounded in their knowledge of agriculture. And that's a good thing.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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