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 - A Tractor's Point of View - by John Manley. I began my life on August 3,1941. I was actually built at different times and days but I was officially an M Farmall on August 3.I was real nice and shiny. That�s me, in the old picture, third from the left. I was loaded on that train and sent to a little town in South Carolina. I didn�t get to see much of that town. I was moved off the train fast and on to the dealer�s
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