I had a machine shop do mine last year for about $1,500. Got the works, head checked, worked and shaved, valve job, block boiled, checked and planed the deck, new sleeves pistons, crankshaft turned, new ring gear on the flywheel, new engine and rod bearings, and the labor.
The problem you may have is if you just fix the bottom of the engine, (i.e, the pistons, rods, and bearings), the top of the engine, (the head), may be in need of attention too. Often a newly built bottom or top of engine magnifies problems in the other half that wasn't rebuilt. So you'd hate to sink $500 in it, then have something else go wrong again that would require going back into the motor.
If you're mechanically inclined, and enjoy working on things and have some time and space, you should do this, mostly yourself. These are some of the easiest motors to work on ever built. You'll end up being a tractor enthusiast. But if time is a factor and you want someone else to do it, you should be able to get the bottom fixed for under $1,000, and the whole motor worked and nice for under $2,000. Do most if it yourself, $800-$1,000.
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Today's Featured Article - Experimental Tractors Article - by Danny Bowes (Dsl). Tractor technology appears to have nearly hit it's pinnacle of development. If you agreed with the subtitle, you are rather mistaken. Quite, actually. As a matter of fact, some of the technology experimented with over 40 years ago makes today's tractor technology seem absolutely stale by comparison. Experimentation, from the most complex assembly to the most simple and mundane component, is as an integral a part of any farm tractor's development
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