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Thing I love about farm trucks is most of them don't have any mileage on 'em. But the underneath is covered with mud all there life so that's why they rot and you gotta watch for that.
The '89 F150 I bought in January for 300$ with 56,000miles is mint. Had no box though and needed all normal wear and tear items, front end, gas tank, brakes. Cab is perfect, been oiled from the factory, probably what saved it. Washed it all underneath with a pressure washer, lots of mud fell off, but not as much as I would expect. Then again it's only a 2 wheel drive. So sure hasn't been where many farm trucks go. lol