I first posted most of what follows several days ago, but it got lost because of my slow followup, so I am re-posting my inquiry here again with the hope that more of you good folks will see it.I am seeking advice for fair valuation of a 1965 MF 50 tractor and a 1965 MF 31 Dynabalance Mower. Also available is a 1966 Covingtom Cutter. Here is what I know about the history behind this equipment. This equipment was included in the sale of a farm which had been inherited by a family of six brothers and sisters. Happily, the farm was purchased by a conservation organization for preservation, but after the sale was concluded, a dispute arose about whether all of the farm equipment was intended to be included in the transfer. One of the six siblings would now like to reacquire the tractor, bush hog, and mower, probably more for sentimental reasons than for continued use. The conservation organization is willing to agree to this reconveyance, but because it is a nonprofit organization, it must receive "fair value" for the equipment, in order to satisfy its obligations as a charitable organization and to be fair to the remaining five siblings. The person who would like to reacquire the equipment has the most familiarity with it, and now says that the equipment is in very poor shape. More specifically, the tractor is said to need a new seat, four new tires, a new alternator, new voltage regulator, new battery, and new brakes. The tractor is also said to have no odometer or usage meter, to have a cracked engine block, and to only have a partially-functioning lift (?). The Dynabalance mower is said to have no drive belt and needs new bearings. The bush hog, which I did not mention earlier, is said to be without its blades and its main drive shaft, and is said to have a gear box which leaks significantly. While all of this sounds awful, I know that the tractor also was driven and used as recently as last year, and of course the re-acquirer would like to keep the fair price as low as possible. The sibling who desires to repurchase the tractor (and who actually is still in possession of it) has offered the conservation organization a small sum, or has said that the non-profit alternatively can come pick the equipment up and haul it off for scrap value. I simply am trying to help the organization make a correct and fair decision, and any advice would be much appreciated. Thank you for all input you may have.
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