If you want to do loader work, get a skid steer. They move fast and will work in tight spaces. About twice as fast or more than that 340.
You didn't say what size loader or what you want to use it for such as moving dirt or an occasional big bale.
I have a 2606 with IH 3000 loader. Loader rated at (I forget now) but picks up 1500# bales just fine. I have a hoe on the back end or else it wouldn't have the weight back there to hold a big bale in front even though the hydraulics are capable of it.
Low gear is very slow. The forward and reverser is worn to the point that I have to stop and wait to avoid any gear grind. It's not like you can nose in to a bale and then ram it back into reverse.
The 340 will be worse in tight spots. The steering is old and slow and especially with a load on the front. Takes half the farm yard to maneuver around. They don't turn on a dime.
Then the worn out hydraulics are going to keep you from doing much leveling work with a bucket. Ya can't work a loader bucket like a grader blade cause they want to buck around too much.
If you think the 2000 ford is hard, just wait till you try a 340. Go drive the one around you are looking at to simulate loader work and then double the time and aggravation for what it will be like with a loaded loader.
Then good luck finding the right loader to fit it at the right price and then not have the appropriate hydraulics.
Let everyone know what loader work and average daily use to get some better advice.
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