For a beginning welder, I highly recommend this book:
Welder's Handbook by Richard Finch
It discusses all of the major types of welding and is extremely helpful for a new welder trying to make an equipment decision.
Don't think your oxy/acetylene rig is useless. If you can master it, you can master any style of welding. You can also perform just about any welding task with oxy/acetylene with the proper knowlege and tools. I'd put my oxy/acet welds against most people's TIG welds any day. You can also fit it for a cutter (for ferrous metals).
MIG is easy to get a half-decent looking weld but just about as easy to get a bad weld that looks good. It's great for production welding, but you really need to know what shield gas to use, what mode (short circuit or spray), what wire, etc. For non-critical welds, body work, etc. it's really good. Great for sheet metal. There are some really cool MIG machines out there that just about make all the other types obsolete, but they're expensive. If you use MIG, don't forget to figure in the cost of your shielding gas and bottle. If you use wire feed (flux core), don't forget to figure in the added cost of the wire itself.
TIG is great for fine work. Cleanliness and fit-up are paramount. It's also sort of difficult to master. It has a limited scope of use and is usually not appropriate for the average home welder. Unbeatable for critical pipe welds for high pressure systems.
Stick is probably about the most useful and convenient for the average home user or farmer. It takes a lot of practice to master, but is relatively easy and inexpensive to practice. Machines are usually relatively inexpensive. When you figure in gas for oxy/acet welding, stick is probably cheaper even with a really nice machine. I'd make sure with a stick machine, that I had DC.
I'd say read the book (or an equivalent book) and make an informed decision before you spent the big bucks. Don't be afraid to talk to someone who welds for a living either.
Good luck!