It sounds like you have narrowed down your decision, so I will not try to talk you into a Mahindra tractor. I think that either of those machines will fit your needs. It is important to feel good about the dealership and their level of customer support when making such a large purchase as a tractor.
Since the L3700SU has more horse power, I would recommend that you go with that model. I found the following post online that compares the L3700SU to the 3400 model:
http://www.tractorbynet.com/forums/kubota-buying-pricing/167162-kubota-l-3700-su.html
Since the L3700SU has more horse power, I would recommend that you go with that model. I found the following post online that compares the L3700SU to the 3400 model:
http://www.tractorbynet.com/forums/kubota-buying-pricing/167162-kubota-l-3700-su.html