Yes. Things where tight for the majority of farmers then. Cheap higher horse power tractors where common. I would buy one in late fall or early winter. Get the bugs out of it and use it the next spring. Then sell it. So I was getting my heavy field work done for little to no cost. I often made a profit on the whole deal not including the completed field work.
You have to remember two thing. 1) Those big clumsy tractors where not being collected and they where not in heavy demand for working farmers. 2) The farm crisis was very real. So not many people had extra money to spend. Most where lucky to pay their bill. Heck even just paying the interest on some loans was a victory some years then.
There where a lot of tractor models and brand that did not have any value then. They are selling crazy high now because the fellows that grew up in the late 1960s and early 1970s are in their fifties when most people have the money to collect toys they dreamed of when they where kids.
Some of the models that sold cheap: IH 1206, $3500-4500 sale after sale, JD 5010 $4500-5500, JD 5020 $6000-7500, JD 7520 $7500-9500, JD 4620s $4500-5500, JD 4520 $3500-4500. The big reason around here was the grain guys where hurt the worst. The livestock guys did not want a 1000 only PTO tractors. so there just where not many buyers of these type of tractors. The guys going crazy on these models today are setting on a ticking time boob on value to me. When they get older the next generation is sure not going to be in love with those big clumsy tractors. Just look at how the bigger two cylinder value has dropped. I can remember JD 70 diesels bringing $7500-10000 restored. Sure not going to get that today.
As for the JD 8020. I bought it off the farmer that bought it new. He had used it hard. The drive line was fine but hydraulic and fuel leaks all over the entire tractor. It took a lot of labor getting it in shape. That tractor was miserable to run in the field for a full day's work. Noisy and hot cab. Clumsy as heck too. Big frame/weight but not big power. My Uncle's IH 1466 would do as much work in a full day. It took me eight months to get it sold for $7500. I barely broke even on the deal. I stuck to JD 5020s and IH 1206s after that. They would sell easier.
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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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