I didn't mention my utility tractor by brand because you had ask about Farmalls. So now that you have all these ideas I share a bit more. My utility is a Ford 8N. Not much in the HP department but at the time was affordable. I'm currently looking at early 60's utilities in the 30-40 HP range. No I'm not looking for a certain brand. I am ruling out the ones that parts are getting to be a problem for like Oliver and AC.
I would not ask questions here about value because we are from all over and location like size matters. Here where I'm at an H or M is an 800 to 1200 dollar tractor in OK shape with good rubber, may push 2 grand for a really nic restored one. A Ford 8N ranges from 1250 to 2500 on the average. The 350 utilities are pretty high as are the newer Fords JD and others, 3500 and up. We have a lot of people around here with hobby farms and hunting land so they are in demand.
Plows and disk that are pull behind that will work behind an H or M are getting to be pretty high too plus hard to find. Lots of the lake shore owners think they are yard ornaments. On the other hand I just got a 3 point cultivator for the 8N for 85 dollars.
A 30-50 HP utilitility with 2/3 point, PS and good hydraulics would be a good starting point. A 30 HP utility should mow with a 6' bush hog and use a 3 bottom plow. My 23 HP 8N will mow weeds with a 6' hog but only works with the 5 footer in heavy stuff.
So check avalibilty of implements in your area. Craigs list is a good place to get an idea. Works for tractors too. In my area auctions can be good or bad depending. Dealers lots can go both ways too. Get an idea of what you want. Don't be afraid to make a counter offer, worst they can do is say no.
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