There has been a lot of good advice given to you so far, so I won't repeat it, but will say this: anyone in high school now, even college, has not seen low grain prices in their adult lives. It is really easy to look successful with the strong profit margins we have seen the past six or seven years. So it is easy to get caught up in trading equipment more frequently nowadays than what it was years ago. Your classmates have never seen a bad year where they have had to scrape for a living, so that has shaped their perspective into thinking what they have known is the norm. Things will change, and when they do, you will be much better off than someone who has to send the shiny stuff back to the dealer just to afford to keep farming. I'm 31, so I can relate. My "new" purchase last year was a 1981 4640. It works great and I love running it. And its paid for....
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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