Myself I would fix the older equipment rather than buy a newer one, but that is just my opinon. I don't see much of a future for most of the newer tractors. I saw an old B JD at a show running a burr mill. Something over 70 some years old, putting away still doing its job. I don't see that happening with anything now days, just too many parts and electrical components to have problems with. At least with some of the older equipment if something goes wrong you can some times "patch" it up to get your work done and fix later. If something happens with a computer or electrical problem on a newer one, your stuck as well. I run older equipment but it is hard to justify putting a lot of money into something that old, BUT if a person stuck $5000 in an older tractor I bet it would out last what you have planned for it if it is kept up.
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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