Depends on how much cleanup and prep it needs, whether it needs any sheet metal work, do you want the starter, alternator, wiring, hoses, etc. removed, etc.
There are really too many variables to even make a ballpark estimate without seeing the tractor and learning what the owner expects.
I, myself, would only do it on a time and material basis, and I would think $3,000 to $5,000 would be a good starting point.
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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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