I got into the game in the late 90s when I inherited a Farmall A.
At that time antique tractors could be had very reasonably along with the parts (both used and new) to keep them going. It was great, someone who didn't have deep pockets could wrench on something simple that could still do some work at the end of the day.
Then it became a "thing". Prices went through the roof, it no longer was an inexpensive hobby.
I'm kind of happy things are coming back down. I never got into this hobby to make money, I did it because I like old tractors. I don't see me buying another tractor any time soon but if used parts start to come back down to earth then I can spend more on fixing up what I have. New engine parts for whatever reason seem to still be somewhat reasonable so I'm covered there.
Really the biggest ticket item these days is the tires. They're often worth more then the iron they're attached to.
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Today's Featured Article - New Hitches For Your Old Tractor - by Chris Pratt. For this article, we are going to make the irrational and unlikely assumption that you purchased an older tractor that is in tip top shape and needs no immediate repairs other than an oil change and a good bath. To the newcomer planning to restore the machine, this means you have everything you need for the moment (something to sit in the shop and just look at for awhile while you read the books). To the newcomer that wants to get out and use the machine for field work, you may have already hit a major roadblock. That is the dreaded "proprietary hitch". With the exception of the
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