I'm more into the construction side of equipment than the agricultural side, but I see the same thing over here too, and encourage it. On this side of the fence, often it actually does make sense to refurbish/restore an older machine rather than to buy a new one.
I've got one customer that we completely redid a D9G CAT dozer for a few years back, in fact I've posted a couple of pictures of the project on here over the years. In his case, with a new machine approaching a million dollars, he wound up with a practically new, but older model, machine, that could do the same amount of work, for less than half the price. Not to mention when something breaks it's simple often simple enough to be repaired with basic hand tools, and when it's not, he can call me and pay far less than he would have to pay a dealership to put send out on of their "technicians/parts changers" with a computer. Even better, there are plenty of NOS and quality aftermarket parts available for the older machines that will keep them running for a lot less than the parts for the new machines.
In the end, the cost to restore anything will always be an issue to some. However, the simple fact is these older machines will still be operational, and repairable, years from now, while the electronics in the newest stuff either isn't repairable because the electronics were obsoleted a year or two after it came out, or the cost to repair is so HIGH due to the electronics that are available, that they get parked.
Like I said, that's what I see on the construction side of the fence, and based on what of the ag side I do see, I imagine it's either already to that point, or getting close, at least for the small time guys.
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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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