I would consider selling it to your friend with an understanding that you would get first chance to buy it back if he wanted to sell it. You could also loan it to him if he is someone you can trust to take good care of it. I would get some written agreement if you loan it so you can prove it is yours if things get weird. I know some one who lost a classic car they had $20000 in that was stored at a friends. The guy I know and his friend went in together on a small pole barn for storage. The friend ended up getting divorced and the ex wife got the building and sold my friends car as he had left the transferable registration in it . After getting law enforcement and an attorney involved he was told there was nothing they could do to either get the car or the money back. I know this sounds crazy but it is true. So protect your interest in the tractor however you proceed.
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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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