Excellent Condition. Restored & runs great. The 240 replaced the 230 in 1958. It was restyled to match the new squared-off look of larger tractors in the Farmall line, and the operator position was adjusted. The 240 was produced until 1962.[16][17][18] The IH 240 was produced as the utility version.[19] About 4,200 240s were produced, at a selling price of about $2,300 to $3,000.