If you are actually farming and making money with said tractor then you should be running a spreadsheet and keeping track of how much each piece of equipment is costing you per year. And yes that should include payments if any. It should also include labor EVEN IF YOU FIX IT YOURSELF at the going rate in your area. Then you, and only you can decide if that old piece of equipment is cost effective or not. Farming is a business, not a way of life.
For the hobbyist it's up in the air? Is your hobby the home place/hobby farm? Or is it old tractors? In either case if the equipment no loner does a job WHEN IT NEEDS DONE then maybe it's time to update. I myself am looking to update my 8N. It runs good and it runs when I need it too. Been updated to electronic ignition and 12 volt. But it's getting harder physically to maintain them due to service connected disabilities. So it's time to look at something a little newer that will be easier to maintain. A tad more HP wouldn't hurt my feelings either.
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Today's Featured Article - Seeing an Old Friend - by Joe Evans. Dad had a concrete contracting business starting in 1960. One of his first pieces of equipment was a Ferguson TO-35 with a Davis loader. Dad replaced the TO-35 with a MF 202 Workbull, essentially an industrialized Ferguson 35 I am told. Dad bought the 202 new in 1962, and I recall quite clearly going to the dealer with him to sign for it.
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