It depends. If it's a family tractor, I'l tend to spend more time and money on it vs. one that was bought somewhere else.
That said, my brother and I both have about the same amount stuck into our tractors. Mine is an Oliver 1600 that my grandpa bought new in 64. I had the engine rebuild as it was just worn out & had some burnt valves. Couldn't pull itself in 1st gear. The transmission was fine, so I had no reason to go inside it.
I spent more money on expensive paint, I had it sandblasted to bare metal, brother did all of the body work staightening out the sheet metal around the exhaust and the fenders where they were rusted out.
MY brother found a 550. The engine was rebuilt but the crank wasn't replaced by the prev. owner. It didn't have any oil pressure, so the owner sent it back to the shop for a new crank to go along with the rebuild. While it was there, the owner died. His children couldn't find it for the estate sale, only thing there was 1/2 of the loader frame and the hood. Sold that and a month or so later found out where the tractor was.
Brother worked with one of the kids so they struck a deal and it was his. We found a complete 1510 loader in the junk yard, and through some phone calls with the auctioneer, he got ahold of the guy with the hood and other loader arms. He wanted the frame on the tractor, so we traded him the frame from the junk yard that was cracked and welded up.
He got the engine put together (tore it down to inspect and reassembled it). He found while doing the brakes that the transmission had some busted gears, so he had to replace those as well. The front axel was worn out, so I fixed it being that I am a machinist.
His 550 was rode hard and put away wet. Just about everything on it needed to be replaced. After he had it done, the transmission locked up and it turned out that the housing was cracked. Probably why the gears were busted in the 1st place. Luckily, when it locked up it only chewed up a nut and the gears were fine.
He just got it together this past week. Still needs to add oil to the trans., and after that he should be able to fire it up.
All told, we have about $10,000 stuck into either one. He's probably got more into his, only because he also had to purchase it from the previous owners estate.
Both are expected to earn their keep. My 1600 runs the blower and does other chores including hauling out manure once in a while. My brother's 550 is used for his pumpkin business, and he may use it for his snow removal business as well if he needs to pile it up higher. He'll need to buy chains and fill the tires with fluid if he's gonna do much loader work though, as it gets extremely light in the rear end.
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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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