Mine is a 1942 Ferguson and its a TE, which means it was made in England by Henry Ferguson, and shipped over.. the TO was made over here by Henry Ford..
It has a LIVE PTO, which makes mowing with it slightly more difficult.. If I kill it while mowing I have to get off, unhook the PTO start it, let the clutch out, raise the bush hog, shut it off, get off, hook up the PTO, get back on and start it... Let the clutch out slowly and go back to mowing..
When you need to STOP or turn sharply, you have to take into consideration the rotating MASS hooked to the PTO shaft.. It WILL NOT stop until the inertia is gone from the blades.. so if you drive up to a fence with the mower going and expect to step on the clutch and brakes to stop, your going through the fence..
Having said all that, once you get used to the quirks, its a HANDY little tractor to have.. I have a 2 bottom plow, a blade, and a 5 ft bush hog I use on the back of mine..
I see Fergies in rough shape, but usable and running selling for 1500 to 2000 dollars around here. That one looks like it has fair to good tires.. the other benefit is that you can still get most parts for it, and it is easy to work on.
My Fergie sat out in my step grandfathers field for WELL over 30 years we are aware of.. My father was going to junk it.. I drug it in to the shop and filled the cylinders with a concoction or break free, WD-40, Marvel mystery oil, and diesel fuel.. I came in the following afternoon and had it rolling over... Put the plugs back in it and started it up...
The Cam gear was shot, so it would skip time once in a while. I installed a new cam.. The lift cylinder would not stay raised up, so I installed a new sleeve, and put rings on the lift piston.. I changed the oil, and the gear lube, I put new tires on the back... I used it for two years.. then had to install a new radiator.. I used it to mow along my fences and the horse pasture this year.. GREAT little tractor. I can get mine to idle down so low that the exhaust flapper closes between each piston firing. I think mine looks a little worse than that one, but it is handy to have.