i am getting a pit bike and need opinions?

I am getting a pit bike not a dirtbike, just something small i can take around my farms and jump off random stuff....I already have a honda 5 spd atv. what is a good brand of them i was thinking a KTM, kawasaki or few other brands but when i looked at the prices online it said about 400-$500, is this a good price for a 110cc?
and is a manual or automatic better for pit bikes? i really not wanting to spend a whhole lot of money on one but i was wondering what a new one would cost me? and would i have to get it insured just to drive it out in the fields?
 
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