From recent experience it depends. Basically if it's only going to be one tractor it has to be big enough to run your biggest piece of equipment. I started with an IH M. Darn thing now runs my poo spreader once a year. Not enough hydraulics to run the haybine and not enough HP to run my round baler. Lite soil conditions and hills and it wont even pull a 12 FT grain drill with digging in and getting stuck. So the all the tractor I'll ever need idea went out the window quick. Now I'm running a 100 plus HP tractor and thinking about another that size.
So to answer your question we would need to know what implements you would plan on running. Like my round baler that requires 70HP and makes 1800 pound bales. Not only would you need a 70 HP tractor but you are going to have to be able to move those bales. My BIL has a baler that will run on 40HP and the bales are about 900 pounds. I have a pull behind PTO driven Combine that requires 85 HP. But both my disk and field cultivator are a little small for my big tractor. That's OK as long as I don't try running fast and just keep the appropriate ground speed but my plow is right at the limits of the tractor.
Going to move round bales with a loader then you need a tractor not only big enough but you will really wan to have something with power steering.
So basically you didn't supply enough info to get a good answer.
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Today's Featured Article - Massey Ferguson 35 (and up) Tractor Assembly Notes - by Jack Wetmore. These assembly notes are for Massey Ferguson tractors with a two stage clutch and 6 speed, 8 speed and mutli-power transmissions. I see a lot of discussion forum messages regarding damaged clutches from improper assembly. The objective is to have the engine and transmission slide together safely and easily until the gap between the two halves is less than 1/4", BEFORE tightening any of the bolts holding the two together. Using bolts to draw the two halves together will damage the PTO
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