If at all possible find somebody who is knowledgeable with New Generation tractors to look at it with you. It could offer possibilities or it could be a hopeless money pit. Things to look at but not limited to does the draft control yoke bushings leak, PTO works and if not why, gas motors are problematic, if diesel parts can be limited in availability? If you feel like taking a chance no more than scrap value and hopefully it has recently installed front and rear tires. If it's a diesel and needs a lot of work that could easily run 1500 dollars or more depending on what needs to be done. I think if I was you maybe I would look at something such as a Ford 5000 where parts are plentiful and not extremely expensive.
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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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